Passive Income Update: May 14

I am feeling grateful. =)

During the month I retired from my first job, we received a bumper crop of dividends from the stocks we own. Totaling $2,000, this is definitely the largest sum we have ever received from dividends in a single month. Although not yet enough to fully replace my previous job’s income, it’s an amount not to be sniffed at too!

Moreover, there were also some gains in the portfolio (mostly contributed by the rise in Vicom) and coupled with the upcoming interest from the new OCBC 360 Account, it’s highly likely that this passive income portfolio will breach $250,000 by next month. Somehow the target for the year would be reached six months earlier. Woohoo!

On a more cautious note, if there is a need to conserve more cash in the upcoming months, there is a possibility we could divest the Philip Sharebuilder plan. Since our portfolio has expanded to include almost 20 stocks, this Regular Savings Plan (RSP) could have outlived its original purpose to help us in portfolio diversification when we were just starting out almost 4 years ago.

Moreover, with only one breadwinner currently, the $600 saved could be the difference between a positive or negative monthly cash flow situation. Guess this is worth a consideration and some monitoring over the next few months. =p

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Dividends received in May 14: $2063.50

Vicom: $580

Sembcorp: $340

Kingsmen: $250

ST Eng: $240

Challenger: $234.30

Wilmar: $220

First Reit: $159.20

SGX: $40

Dividends received YTD: $2569.90

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Details of my updated portfolio are shown below.

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Stocks (As at 16th June 2014)

Stock Share Amt Share Price Valuation Dividend Est. Income
Vicom 4,000 $6.290 $25,160 $0.1820 $728.00
Boustead 9,000 $1.850 $16,650 $0.0700 $630.00
Wilmar 4,000 $3.210 $12,840 $0.0500 $200.00
Spindex 24,000 $0.510 $12,240 $0.0180 $432.00
Semb Corp 2,000 $5.340 $10,680 $0.1500 $300.00
MTQ 5,000 $2.100 $10,500 $0.0450 $225.00
SIA Eng 2,000 $5.060 $10,120 $0.2200 $440.00
OCBC 1,000 $9.770 $9,770 $0.3300 $330.00
PLife Reit 4,000 $2.410 $9,640 $0.1031 $412.40
First Reit 8,000 $1.175 $9,400 $0.0726 $580.80
Kingsmen 10,000 $0.920 $9,200 $0.0400 $400.00
Challenger 16,500 $0.505 $8,333 $0.0225 $371.25
ST Engg 2,000 $3.890 $7,780 $0.1680 $336.00
Singtel 2,000 $3.860 $7,720 $0.1680 $336.00
SGX 1,000 $6.970 $6,970 $0.2800 $280.00
LKH 10,000 $0.675 $6,750 $0.0450 $450.00
Super 4,000 $1.380 $5,520 $0.0900 $180.00
Total $179,273 $6,631.45

Others (As at 16th June 2014)

Asset Valuation Est. Income
Philip Sharebuilder $28,241 $600
CIMB Star Saver $14,080 $110
Total $42,321 $710

Total Valuation = $221,594

Total Est. Annual Income = $7,341.45

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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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    9 thoughts on “Passive Income Update: May 14

    1. MT

      Congratulations on your taste of freedom!

      I’m not really sure how the dividend payout schedule is like (it could be that different companies pay out their dividends in their own time), but is it likely that you’re able to get dividends every month?

      1. My 15 HWW Post author

        Hi Melvin,

        I actually didn’t receive any dividends in April and March so I guess that’s why it’s better to measure it on a yearly basis?

    2. Qin Liang

      Hi,

      Your current valuation stands at about $222k and you estimate you can breach $250k next month…huge bonus/dividend coming in soon or am I missing something? Curious to know… 🙂

      Regards
      QL

      1. My 15 HWW Post author

        Hi QL,

        *Cross fingers*

        Think I should be getting a 3% interest for my OCBC 360 account this month (June) and the funds there will be incorporated into this portfolio.

        1. PIB

          Do take note that the OCBC 3% interest will only be paid out on the 7th business day of the month… It will come if you meet the criteria. =)