2024 Year End Review & Dividends – 3rd slowest increase in cash dividends
since 2011
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Although 2024 started off as a year where investors were anticipating
whether rate cuts would happen (rate cuts eventually happened on 18
September 2024)...
2 hours ago
ReplyDeletePassive income is not something that is so difficult to achieve once you have spent a few active years monitoring the stock market.
Get it?
Agreed.
ReplyDeleteBut then to get "passive income' high enough to cover your daily living expenses is not easy. It is easy only (for me only) if i live like people earning only $2000/month for the whole household.
One sure way to build your perpertual life passive income is to use CPF SA.
ReplyDeleteTop up more money into SA early and let the 4% interest do its compounding effect. The goal is to reach the min. sum before 55. One could then "enjoy" monthly perpertual life passive income from 65 until one die.
Minimum sum scheme http://mycpf.cpf.gov.sg/members/MinimumSumScheme.htm
Agreed
Delete"Top up more money into SA early and let the 4% interest do its compounding effect. The goal is to reach the min. sum before 55. One could then "enjoy" monthly perpertual life passive income from 65 until one die."
ReplyDeleteUnquote:-
But how much per month? Can it covers your daily living and then some?
Check out the amount here. https://www.cpf.gov.sg/cpf_trans/ssl/financial_model/mss_cal.asp?prof=
DeleteOf course, this CPF Life should form a partial retirement plan. One could build up more passive income via investment instrument.
How much passive income is depends on one's life style.
Minimum sum = Not starving to Death. Right?
DeleteRIGHT!
ReplyDeleteIt's also mean GOV doesn't have to subsidize you too much. To keep you half alive is enough.
I started looking at alternative income cashflows 6 years ago. Stuck to really strict discipline of keeping expenses to minimal and working really hard at work to justify higher payrise and annual bonuses. I channelled all savings into a basket of dividend stocks reits and fixed income instruments. And I really have to say it does help to bring forward retirement by many years
ReplyDeleteI started looking at alternative income cashflows 6 years ago. Stuck to really strict discipline of keeping expenses to minimal and working really hard at work to justify higher payrise and annual bonuses. I channelled all savings into a basket of dividend stocks reits and fixed income instruments. And I really have to say it does help to bring forward retirement by many years
ReplyDeleteWhat ever the investment vehicles you choose, you must remember you must have staying power in the "Worst of Times; then may you prosper in the 'Best of Times"
ReplyDeleteShalom.