Passive Income Update: December 14

Volatility in the market doesn’t seem to be abating anytime soon. Just today, the Swiss Franc shot up by almost 30% against the $Euro. I really don’t recall encountering such MASSIVE movements of “blue-chip currencies” in a single day and such unexpected jolts do spark fears. Moreover, nobody seems to know how low oil prices could go. It’s really about expectations and if it turns out to be more of a supply glut, we could be in for a boom. However, things could get ugly if it’s the other way round.

On a more personal note, I have also opened up a 2nd OCBC 360 account since I am finally getting a salary again.  😎

Since it’s really not that hard to get 3 more bills (just charge some small expenses on other credit cards), this 2nd account can easily qualify for a 2% interest rate. That’s higher than almost any SGD fixed deposits you can find, which makes sense for me to channel more money into it.

So I am sorry CIMB. You have been really generous with your 0.8% interest for the StarSaver account during the past 4-5 years. But since there’s no way you could match that 2% interest, we just had to part ways. Money’s money. No hard feelings, I hope.   😐

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Dividends received in December 14: $0

Dividends received in 2014: $6,725.80

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Details of my updated portfolio are shown below.

Stocks (As at 16th January 2015)

Stock Share Amt Share Price Valuation Dividend Est. Income
Vicom 4,000 $6.190 $24,760 $0.2250 $900.00
Kingsmen 17,000 $0.940 $15,980 $0.0400 $680.00
Boustead 9,000 $1.730 $15,570 $0.0700 $630.00
ST Engg 4,000 $3.350 $13,400 $0.1500 $600.00
Spindex 24,000 $0.535 $12,840 $0.0180 $432.00
Wilmar 4,000 $3.170 $12,680 $0.0800 $320.00
Semb Corp 3,000 $4.120 $12,360 $0.1700 $510.00
OCBC 1,200 $10.250 $12,300 $0.3400 $408.00
Dairy Farm 900 $11.900 $10,710 $0.3000 $270.00
First Reit 8,000 $1.290 $10,320 $0.0752 $601.60
MTQ 10,000 $1.030 $10,300 $0.0440 $440.00
PLife Reit 4,000 $2.380 $9,520 $0.1075 $430.00
SGX 1,000 $7.770 $7,770 $0.2800 $280.00
Challenger 16,500 $0.460 $7,590 $0.0252 $415.80
M1 2,000 $3.580 $7,160 $0.2100 $420.00
LKH 10,000 $0.675 $6,750 $0.0300 $300.00
Super Grp 4,000 $1.105 $4,420 $0.0450 $180.00
Total $194,430 $7,817.40

Others (As at 16th January 2015)

Asset Valuation Est. Income
OCBC 360 Account A $50,000 $1,500
OCBC 360 Account B $30,000 $600
Total $80,000 $2,100

Total Valuation = $274,430

Total Est. Annual Income = $9,917.40

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Anyway, some apologies for slightly neglecting this blog.  😳

I have been having a difficult time adjusting my sleep patterns and waking up early at around 6am means that I do get sleepy at around the 7pm mark. Which also means I struggle to muster the energy, effort and attention needed to craft a good blog post.  🙁

Ok, I know I am making some poor excuses here but the good news is that after two weeks, I am getting the hang of things. So those (hopefully) long-awaited summaries and analyses on both the expenditure and passive income of the past year should be out soon.

Stay tuned.  😆

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    13 thoughts on “Passive Income Update: December 14

    1. RetailTrader

      Hi 15hww,

      Welcome back to the groove. It does take time to readapt to working life. I was on leave last last year for about a month and felt like a stranger when I returned to the office. By then had really adapted to the “jobless” lifestyle. Hope you can say a bit about the new job (I recall you had some issues with the previous one) and the direction it is taking you in, after you have settled down a bit more, in a future post for us curious folks out there.

      And yes the volatility. We’re having spades of that now. It is currently a hairy moment in the markets but with volatility comes opportunity.. we just have to stay alert and seize chances that come by!

      1. My 15 HWW Post author

        Hi RetailTrader,

        Yeah, maybe if I feel comfortable enough one day, I shall share more about my new work experience. =)

        Above average returns are only possible with volatility and of course, others with below average results.

      1. My 15 HWW Post author

        Hi Kyith.

        I personally feel that I do not have to think about most of the stocks most of the time. Plus, no doubt I feel that investing is more “passive” than say being a labourer in a farm.

        And nothing against labourers. They are probably more productive than me in this role as an investor. =p

    2. B

      Good idea to set up two ocbc 360 account there. It kinds of work like the best bond out there with much better flexibility

      1. My 15 HWW Post author

        Hi B,

        Yup! There’s no need for any bonds right now with these accounts. Next step is to fill the second one to the ceiling of $50,000.

      1. My 15 HWW Post author

        Hi Shailesh,

        Thanks for dropping by.

        It’s too early to say I “enjoy” it but I would say I am sort of looking forward to it every morning for now.

        As for the 15 hours work week, never say never especially since my target was always 35 years, which is still a good 6 years away.

    3. M

      Hi 15hww,

      Found your blog from a link on forever financial freedom.

      Just wondering, do you diversify globally with your stocks? I don’t recognise the names, so I am just guessing they’re local to you.

      Best Wishes,

      M, from There’s Value

      1. My 15 HWW Post author

        Hi M,

        Firstly, I would like to extend a warm welcome to you. You can probably get to know a little more about Singapore from my posts. =)

        With regards to your question, yes, at this stage, I am only exposed to local stocks.

        However, as the portfolio gets larger, I do intend to invest in overseas markets, especially the U.S. Valuations there are a bit lofty too, considering the run-up in the past 3 years.