January and February are normally fairly dry months in relation to dividends.
If not for dividends in March, my passive revenue in 1Q of any 12 months could be virtually zero.
I’ll weblog about my complete passive revenue for 1Q 2023 by finish of March or early April.
For now, if I have been to do an estimate, passive revenue for 1Q 2023 might are available at below $40,000.
I shared my plan almost about SSB, T-bill, CPF and the UOB ONE account in an earlier weblog:
I didn’t apply for the SSBs supplied in January and February this 12 months as each supplied 10 12 months common yields of decrease than 3% p.a. which was decrease than what I might get from my CPF account.
Now, I’m not saying that these SSBs weren’t enticing for everyone however they weren’t enticing to me as my plan was to use with cash earmarked for CPF voluntary contribution in 2024.
I suppose many individuals agreed with me as these SSBs have been relatively badly undersubscribed, with the one supplied in February lower than half subscribed.
The one that’s supplied this month, nonetheless, may be very attention-grabbing to me as it’s providing a ten 12 months common yield of three.15% p.a.
With the dividends coming on this month, I might put aside at the least $10,000 to use for the SSB.
I’ve made a be aware on my calendar to use by 28 March 2023.
If the ten 12 months common yield stays greater than 3% p.a. for SSBs supplied within the subsequent few months, I might be capable of absolutely deploy the $38,000 I’ve earmarked for voluntary contribution to my CPF account in 2024 sooner than anticipated.
I might do that in 2Q 2023 simply as 2Q and 3Q are normally comparatively robust passive revenue producing intervals for me.
Within the subsequent day or two, I’ll discuss to myself a bit extra with regards to fastened revenue and the way a significant publicity will do my funding portfolio a complete lot of excellent.
In fact, simply speaking to myself, as traditional.
Reference:
SSB or CPF?