In the month of Apr 2020 , the good news is that my passive income collected is around $5.7k and my liquid networth recovered by 6% after a sharp drop >12 % in March due to the Corona Virus Crisis selloff which caused the fastest stock market correction in history. Despite the stock market rally in April, I did not benefit much from the rally as my portfolio is in net selloff after clearing most of my risky MLP and reit positions. I believe both industries will suffer huge impact with prolong CV crisis. Some of these counters will be cutting/suspending dividend or even going into bankruptcy. I also write off my entire Eagle Hreit stake which result in a whopping total realized loss of 70K for year 2020. Current investment portfolio is still sitting on a -13% paper loss end of April.
I initiated a new position in IS ASIA bond etf which will give me a stable 4% yield and cover loss in passive income from dividend cut or suspension. Comparing my portfolio distribution between Feb and April, I have increased my cash and investment grade bond significantly to 62% . With the huge re-balancing of my portfolio in the last 2 month, I am currently holding about
725K cash and 150K investment grade bonds which contribute about 50% and
12% respectively of my liquid networth. I will remain prudent
for the remaining of the year with mainly bond purchase or stock that
can still pay their dividends.
Portfolio distribution Feb2020
Portfolio distribution April 2020
The passive income from dividend/interest is
projected to generate about 60kSGD in 2020. When I started my blog, I have set a target of 100k passive income for fatFIRE and I have been chasing yield. After some hard thought , I analyze that my expense has been much lower than 50K pa , there is really no need to take excessive risk. This prompted some change in my retirement strategy to be as conservative as long as I have achieved a passive income that is more than my expense.
Dividends received in Apr2020 from Foreign Investment: USD $2708
Interest received in Apr2020 from Foreign Investment (bond): USD $1310
Interest received in Apr2020 from banks interest/FD/others in US: USD $393
Realized gain/loss : USD: -$7679
Dividends received in Apr2020 from SGX:SGD$0
Interest received in Apr2020 from banks interest/FD/others in Spore: SGD $252
SGX Realized gain/loss SGD: -$8540
dividend and interest from my investment portfolio + bank/money market
account + trading gain/loss generated in Apr2020 SGD -$12699
YTD Passive income earned from investment only: SGD $22141
Dividend/Interest received from investment portfolio in Apr2020 :