Passive Income Update: March 14

The STI surged well past the 3,200 mark during this month. Therefore, even though we did not channel additional capital into this passive income portfolio, the value of the portfolio increased by a whopping $7,000! With some annual reports being released, I have also updated some of the dividend numbers of the various counters.

Coupled with thoughts of quiting my job , we expect some quiet months ahead on the stock-buying front. Since having more cash on hand could prove to be useful in maintaining tranquility, I think there is a good chance we could liquidate some of our holdings if the exuberance continues (i.e. STI breaches 3,500?).

At the same time, cash could become a reasonable source of passive income should the OCBC 360 account turn out to be what it is, providing an interest rate at >3%. An additional $1,500 for the year is definitely not something to be sniffed at and hopefully, it will materialise in two months time and be seen in future versions of this monthly update.

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Dividends received in March 14: $0

Dividends received YTD: $506.40

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Details of my updated portfolio are shown below.

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Stocks (As at 16th April 2014)

Stock Share Amt Share Price Valuation Dividend Est. Income
Vicom 4,000 $5.950 $23,800 $0.2250 $900.00
Boustead 9,000 $1.955 $17,595 $0.0700 $630.00
Wilmar 4,000 $3.460 $13,840 $0.0800 $320.00
Spindex 24,000 $0.500 $12,000 $0.0180 $432.00
Semb Corp 2,000 $5.480 $10,960 $0.1700 $340.00
PLife Reit 4,000 $2.460 $9,840 $0.1075 $430.00
SIA Eng 2,000 $4.880 $9,760 $0.2200 $440.00
Challenger 16,500 $0.585 $9,653 $0.0225 $371.25
OCBC 1,000 $9.640 $9,640 $0.3400 $340.00
Kingsmen 10,000 $0.940 $9,400 $0.0400 $400.00
First Reit 8,000 $1.140 $9,120 $0.0726 $580.80
MTQ 5,000 $1.745 $8,725 $0.0450 $225.00
ST Engg 2,000 $3.950 $7,900 $0.1500 $300.00
Singtel 2,000 $3.710 $7,420 $0.1680 $336.00
LKH 10,000 $0.695 $6,950 $0.0450 $450.00
SGX 1,000 $6.930 $6,930 $0.2800 $280.00
           
    Total $173,533   $6,775.05

Others (As at 16th April 2014)

Asset Valuation Est. Income
Philip Sharebuilder $26,507 $550
CIMB Star Saver $14,080 $110
     
Total $40,587 $660

Total Valuation = $214,120

Total Est. Income = $7,435.05

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Do refer to my first monthly update if you would like some additional background to most of my purchases and here for previous updates.

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    8 thoughts on “Passive Income Update: March 14

    1. B

      Hi hww

      I feel your pain for wanting to quit your current role. Sometimes I do get that kind of particular feeling as well. One advice I can give is take an extended break go somewhere or maybr just relax at home then come back fresher. Sometimss it works for me.

      1. My 15 HWW Post author

        Hi B,

        I think both of us know that deep down, the “distractions” to make us feel better about our job offers temporary rather than permanent relief. Otherwise, why are we accumulating so much so furiously?

        On many occasions recently, I tell myself that if I have double of the money I have now, I would quit and do something that I enjoy more even if it pays less. This thinking happened 3 years ago, a year ago and now again. I guess I just lack “guts” but let’s see if it changes. =p

    2. Melting_starz

      Hello,

      Recently found ur blog by chance and have been following. 🙂 why don’t you try to have a 2 weeks break to refresh yourself? I think maybe we are about the same age. I always have the tot of quitting but I never do. Usually just change job. Do u consider this possibility?

      1. My 15 HWW Post author

        Hi Melting_starz,

        Indeed, I will be going overseas during late April. That would be a good break from the everyday routine in office. =)

        1. Gallen

          Hi 15WW,

          Maybe you can consider taking no pay leave to recharge or to test ur resolve with having no work income n survive on ur passive income? No pay leave still guarrantee ur job availability in the company especially in stat board 🙂

          Gallen

          1. My 15 HWW Post author

            Hi Gallen,

            Thanks for your suggestion. Although no-pay leave is theoretically possible, it’s unlikely to be granted. Esp for a male in his late 20s? I probably can’t give a “good” reason to qualify?

            With our more “spendthrift” habits recently, I probably have to find some part-time work. Otherwise, the passive income will not be enough and I will be subsidised by Mrs 15HWW. =p

    3. XY

      Great and insightful blog! I’ve always wanted to test the waters of investing but have been too scared to do so. My first foray was last year when I bought some Nam Cheong shares which I sold a few months later for a profit of a couple of hundred. I have about 20k savings sitting idly in my POSB savings bank which earns me a grand total of about 50 cents a year in interest :p

      Do you know of how I can go about making my money work for me with what I have, or should I stick to playing with small stocks like Nam Cheong? I am also around your age, getting married (which means no blue chips/high risk stuff) and a koppite too! Definitely may have seen you around Uncabunca i reckon 🙂

      Thanks in advance!

      1. My 15 HWW Post author

        Hi XY,

        I don’t think I am in a great position to advise you on what you should do (especially since you’re getting married soon and I might incur the wrath of your other half =p) but I am surprised that you associate blue chips with high risk?

        And actually, I rarely watch matches outside of home. This season was shaping up to be an exceptional one and that’s why I went down that day! YNWA…