Passive Income

Originally Posted by Unregistered

whatabout dividend stocks? i get about sgd 550 per month from my reits. not much but better than nothing.

Yes, that is pretty good, but there's capital costs to it.

I admire those people who managed to find low-capital passive income sources, such as phone apps and websites (as mentioned in some previous posts). Though effort is required, I would argue that all income sources, passive or otherwise, require much effort, e.g. you need time to research on which condo/shop/Reit to buy and after buying, you need to monitor its operations/price/etc.

Originally Posted by miwashi

normally how many hundreds of thousands must you have invested in stocks before the dividends are in the region of $3000 ah?

I hav close to 90K in stocks....the dividendscomes out to be 3K plus.....most are blue chips that i bought from 2000 - 2008

[Bean]

Originally Posted by Unregistered

whatabout dividend stocks? i get about sgd 550 per month from my reits. not much but better than nothing.

wat reits are you buying?

how much you invest to buy reits?

$550 dividend a month is alot, like 6.6k a year assuming average 8-10% dividend rate

Originally Posted by Bean

wat reits are you buying?

how much you invest to buy reits?

$550 dividend a month is alot, like 6.6k a year assuming average 8-10% dividend rate

$550 is a lot??

[Bean]

Originally Posted by Unregistered

$550 is a lot??

at least can cover the monthly allowance that i give to my parent, if i am not working

Originally Posted by Bean

wat reits are you buying?

how much you invest to buy reits?

$550 dividend a month is alot, like 6.6k a year assuming average 8-10% dividend rate

I invested 76k, managed to get in at a reasonable price. Will try to buy more if prices come down. Have around 700k cash on standby.

Originally Posted by Unregistered

I invested 76k, managed to get in at a reasonable price. Will try to buy more if prices come down. Have around 700k cash on standby.

if you had invested all your cash, you will get 5k+ dividends per month.

Rental income seems to be the most popular passive income stream in Singapore, along with stock dividends.

Besides these two, I know of no other "easy" passive income stream. Appreciate any advice on how to build up more streams.

Originally Posted by Unregistered

for 3k pa, you need to put in about 44k.

for 3k pq, it's 131k.

assuming yield is high at 6.85% (starhub).

i only get $1k pa from a portfolio of $40k....

If you want to know how to get high passive incomes, you should visit this thread: https://forums.salary.sg/income-jobs/...annum-354.html

There you will see many big fish claiming passive incomes from $50k pa to $120k pa just shaking legs.

There are stocks that give 7% or more returns! but you wouldn't put all your eggs into 1 basket. A prudent investor would spread his bets. This site A Dividend Seeker on SGX will show you what dividends the various stocks give.

Simple Maths will tell you that even with 7% return pa, to get $60k pa or $5k per month passive income you will need to invest at least $900k!

After many many years of building my investment portfolio, I am just hitting $40k pa of passive income. It is still not enough to find my retirement, but helps to boost my income. And it certainly feels good to see money coming in that you don't have to work for.

Usually I would reinvest the dividends, but last year, I used $15k of it to give myself and family a treat with a European holiday!

Originally Posted by Unregistered

i only get $1k pa from a portfolio of $40k....