Once in a while, I write these numerical milestone posts to celebrate certain achievements with our asset portfolio and passive income. It's a long and tough journey to financial independence and these results keep us motivated to keep going.
Previously, I wrote in April 2016 about our monthly passive income exceeding S$1,000. This takes into account the monthly dividend and interest income that we receive. For May 2016, our monthly dividend income has exceed S$1,000.
We only started to aggressively build our Share portfolio in late 2015 & early 2016 and most of the holdings pay their dividends in May 2016. It made sense for May 2016 to be our first big month for dividends but I wasn't expecting it to hit S$1,000 so soon. Anyway, we have not re-invested these dividends yet due to the recent rallies in the global stock markets.
The more volatile the equity markets, the more closely we stick to our dollar cost ......