Based on my 12 months projected D&I spreadsheet, July is one of those quiet month that I did not expected much income from SGX. However, I have a surprise advance dividend payout from Cromwell and trading gain from portfolio rebalancing which boost my total passive income to above 7K.
In July, I have swapped my preferred BPYPP to its mother share BPY. BPY is a REIT and its parent company is the largest asset management company BAM. The reason for the swap is that preferred BPYPP actually incurred a 30% withholding tax despite being registered in Bermuda. However, its mother share BPY is some sort of LP/REIT that is registered in Bermuda. I have been holding BPY for a while and for some reason , its witholding tax is always less than 10%. Since the yield of BPYPP & BPY is about 6+% , it makes more sense to hold BPY since it has much lower WHT. BPY is one of my top 3 holding and it is the only non-SGX REIT that I can hold without incurring much WHT. I will write about BPY in the future why I like this REIT compare to the SGX listed REIT.
I have also sold off KIM from my IRA account (which I retain from my previous job in US) and the proceed was used to purchased IRM.. Both are REITs. KIM has run up 28% and it is good to take some profit off to purchase IRM which has 8% yield and it is non retail related.
For SGX, I have added 15000 Cromwell at 47.5 cent making it my second largest REIT holding in my portfolio. I like its diversified 100+ European properties. I have also added 15000 Accordia Trust at 53.5 cent as it is one of those REIT listed in SGX that has not run up. I will keep Accordia Trust long term for its 7% yield.
With the rebalancing of my July portfolio, my projected annual yield from my investment portfolio is back up above USD48K .
Dividends received in Jul2019 from Foreign Investment: USD $2188
Interest received in Jul2019 from Foreign Investment (bond): USD $366.28
Interest received in Jul2019 from banks interest/FD/others in US: USD409
Trade gain/loss : USD720
Dividends received in Jul2019 from SGX:SGD$2360
Interest received in Jul2019 from banks interest/FD/others in Spore: SGD$205
Total dividend and interest from my investment portfolio + bank/money market account + trading gain generated SGD 7540.
YTD Passive income earned: SGD $42,547
Dividend/Interest received from investment portfolio:
Investment portfolio distribution:
Monthly Dividend/Interest earned Y-to-Y changes from 2017 to 2019
