Slightly more than 3 years into my investment journey, our “projected” passive income has finally breached the $6k mark. Yeah, I know the amount of real dividends I received in 2013 is much lower (<$4k) and that it’s nothing much to shout at compared to other bloggers like B, Dividend Warrior and of course, AK71. (One advantage of updating assets/passive income a couple of weeks later than most is that you can always reference to others in your post 😉 )
But hey, this is considered a significant milestone for us since this amount translates to a not insignificant $500 a month. $500 will probably enable us to cover the basic stuff we value most for the rest of our life. This incudes utilities (access to electricity, gas and water), broadband, handphone plans and two meals of cai peng a day. 🙂
If you refer back to my first ever post, this also means that we have managed to reach 30% of the target of achieving $20,000 of passive income when we could theoretically abandon the 40 hour work week and semi-retire. I will be elated if we can increase it somewhere closer to 50% one year later. Tall order but not entirely impossible, I guess.
On a separate note, with the full year results and dividends in, I will also be taking some time to do a stock-take like many of these valuebuddies. And not just for 2013 but for my investment journey thus far. As from what I gather from Uncle 8888’s advice (which I humbly assume to be a response to this post) and from my own reflections, there’s really no harm in measuring my performance and if the adage is true that what gets measured is improved, being not lazy might really pay off big time in this instance. 😉
Dividends received in December 13 : $180
Details of my updated portfolio are shown below.
Stocks (As at 16th January 2014)
|Stock||Share Amt||Share Price||Valuation||Dividend||Est. Income|
Others (As at 16th January 2014)
|CIMB Star Saver||$14,080||$110|
Total Valuation = $175,948
Total Est. Income = $6,115.45