Tuesday, February 4, 2020

Jan 2020- Monthly Finance Update-Almost all dividend/interest incomes are received from my US/UK portfolio

January is usually a month I receive no dividend income from my SGX portfolio and my January passive income come mainly from my US/UK fixed income portfolio which come in slightly above SGD$4K this month. My investment strategy has been investing globally for dividend so that I can receive consistent monthly passive income. IMBBY , a UK tobacco counter which I have been accumulating since last quarter contributed > 20% of this month dividend income.  This helps to beat my monthly dividend & Interest income received from 2017 to 2019 January monthly income which has been coming under SGD$3K.

In Jan 2020, 2 of my baby bonds (RILYL and AEH) were called. As Corporation can get a lower interest for issuing a new bond, they will redeem the old one with higher interest. I am expecting this to be the new norm in 2020 and this has forced me to take more risk to invest in dividend stock or reit. As a result , I have bought AEG the parent stock (which offer 7% yield) from the bond proceed after it is being called. 

From my SGX portfolio, I sold Sasseur Reit due to corona virus impact on China retail. It was a relief that I sold off early in Jan with a 31% gain.


Dividends received in Jan2020 from Foreign Investment: USD $2568
Interest received in
Jan2020 from Foreign Investment (bond): USD $370
Interest received in
Jan2020 from banks interest/FD/others in US: USD $417
Realized gain/loss : USD -$155

Dividends received in
Jan2020 from SGX:SGD$0
Interest received in
Jan2020 from banks interest/FD/others in Spore: SGD $186
SGX Realized gain/loss : SGD 2952

Total dividend and interest from my investment portfolio + bank/money market account + trading gain/loss generated 
in
Jan2020 SGD$7460

YTD Passive income earned from investment only: SGD $4159

Dividend/Interest received from investment portfolio:


 

Liquid Networth distribution:
 

Monthly Dividend/Interest earned Y-to-Y changes from 2017 to 2020:
 
  












 

6 comments:

  1. Hi, my broker says have to pay withholding tax, how do you buy without this? Please enlighten me. Thank you

    ReplyDelete
    Replies
    1. Yes, you have to pay WHT for US stocks.. However, you do not need to pay WHT tax for US bond, US ETD , non-US domiciled stock, UK ADR.. bulk of my investment belong to those categories. I do have some US stock and preferred about 60K USD in a IRA account when I was working in the US..but those are small amount of leftover balance that I did not withdraw when I left US

      Delete
  2. Thank you for your reply.us etf is us etf?

    ReplyDelete
    Replies
    1. In my reply , US etd is actually exchange traded debt not etf. ETd is aka baby bond and they are usually listed in NYSE/Nasdaq and not on bond market. They usually have a par value of $25. They don't have WHT.

      Delete
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