Happy CNY! Wishing all readers a successful, healthy and happy 2020.
Net worth to exceed S$150,000
I managed to hit my first milestone of S$100,000 (cash + investments) at end-2019 after working for 3.5 years. This year, I decided to set a savings goal of S$45,000. This should be very manageable given that (1) as of today, my net worth is already S$115,000, (2) barring severe recession, my current dollar-cost averaging strategy should gradually pave the way to hit this goal, and (3) bonus season is around the corner and I am hoping for my fair share as I have worked very hard last year.
Dividend income to be S$4,500
An investment portfolio of S$150,000 yielding 3% would give S$4,500 which represents an average dividend income of S$375/month. While my plan is to purchase more of my existing dividend stocks (such as Keppel DC REIT, Parkway Life REIT and NetLink Trust), I