The STI surged well past the 3,200 mark during this month. Therefore, even though we did not channel additional capital into this passive income portfolio, the value of the portfolio increased by a whopping $7,000! With some annual reports being released, I have also updated some of the dividend numbers of the various counters.

Coupled with thoughts of quiting my job , we expect some quiet months ahead on the stock-buying front. Since having more cash on hand could prove to be useful in maintaining tranquility, I think there is a good chance we could liquidate some of our holdings if the exuberance continues (i.e. STI breaches 3,500?).

At the same time, cash could become a reasonable source of passive income should the OCBC 360 account turn out to be what it is, providing an interest rate at >3%. An additional $1,500 for the year is definitely not something to be sniffed at and hopefully, it will materialise in two months time and be seen in future …