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Current have day job, assignment-based sideline and active trading account. Need to diversify and find some passive means before I kill myself from overwork... I believe though that even for passive investments, a sort of active approach to rebalance your investments is required. How many times a year do you guys normally review and reposition? |
I think 50k to 120k pa in passive income may not be baseless claims.
Take property investment, for example. For a $1 mil property, a person puts in only about $250k (assuming he wasn't hit by ABSD etc), borrows the remaining, then rents out the property at a modest 4k a month. That's already 48k of passive income a year. No one said passive income was net of cost. But say you factor in costs like interest, repairs, maintenance, agent's fee etc of 2 k a month, he would still get a net 24 k pa. Close to 10% returns on a 250 k outlay. With stocks, you can't leverage, which is why you say you need 900k to generate 60k. Quote:
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anyone can easily "generate" passive income of $10k/mth by paying me $11k to pay him $10k (i.e. you make a loss). that said, 24k pa _net_ passive income is still quite ok. :) |
I live in a landed terrace now worth 2 million with outstanding mortgage of 580k which we hope to pay off in a few years with savings and cpf. Also have a mm unit going to TOP soon with outstanding 380k. Hopefully in a few years time we can sell our landed and with 2 over million buy another 3 rm condo and another mm unit and pay off our mm mortgage. Then we will be debt free and have passive income of 5 to 6 k a month from our 2 mm units hopefully sufficient for us to retire or semiretire...
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I have passive income from mobile apps and ebooks mainly.
Some from stock and REIT dividends too. But passive income from digital products is definitely the way to go. Achievable without large sums of capital. Just need creative juices |
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