Read? After Point X.....
Uncle8888 finally realized this - with each passing year as retiree who cashed out 100% of dividends received and any realized capital gains to fund household expenses; there will be diminishing bear market impact to his portfolio! No BS!
1. 100% of dividends received and any realized capital gains.
2. Just recycle any recovered investment costs into his War Chest to fight the next pull back, correctio or market crash to calibrate investment income.
A few more years; it will become freehold investment income for life! Best in Singapore SGX! LOL!
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Bear proof & beary safe! 🤣👍
ReplyDelete:-)
ReplyDeleteWell done CW!
ReplyDeleteSo far this year was a disaster for cryptos and US stocks investors. But the Surprisingly Tough Index (STI) is quite resilient. And companies were "generous" to dish out dividends to make up for the last two years.
I have collected $73,000 in dividends so far (Jan to Sep) and I also managed to up my rental from $3,150 to $3,500 pm. My neighbour even better, he upped his asking rental to $4,800 pm for same size unit.
Also bought my first T-bill via internet banking, last week at 3.32% yield for a $50,000 quantum.
CPF savings hit $1.8M this month also. Will continue to press on with my CPF savings to chase the 2M target by 2024. This is despite FDs paying higher interests than OA interests.
The US Fed keeps raising interest rates. Interesting times ahead.
I am seeing more unfamiliar faces taking lifts at my block. More rental incomes for folks
Deletewow dont know how come u all got so much cash haha
ReplyDeleteDue to big ball drop from 2008/2009GFC Bear and started accumulating dividends into war chest as too scare to step back into market by reinvesting dividends and capital gains during recovery and only managed to deploy war chest during COVID 19 in 2020 but this bear mkt not long enough to exhaust war chest. Bo pian so still have cash in war chest. Next Bear hoot again!
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