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July 2019- Monthly Dividend,Interest and Finance Update (With advance dividend payout)
By GlobalPassiveIncome  •  August 5, 2019
Based on my 12 months projected D&I spreadsheet, July is one of those quiet month that I did not expected  much income from SGX. However,  I have a surprise advance dividend payout from Cromwell and trading gain from portfolio rebalancing which boost my total passive income  to above 7K. In July, I have swapped my preferred BPYPP to its mother share BPY. BPY is a REIT and its parent company is the largest  asset management company BAM. The reason for the swap is that preferred BPYPP actually incurred a 30% withholding tax despite being registered in Bermuda. However, its mother share BPY is some sort of LP/REIT that is registered in Bermuda. I have been holding BPY for a while and for some reason , its witholding tax is always less than 10%. Since the yield of BPYPP & BPY is about 6+% , it makes more sense to hold BPY...
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By GlobalPassiveIncome
Started fixed income investing with the aim of collecting consistent dividend and interest monthly while protecting my principle capital. I invested mainly in reits ( local and overseas), MLP (overseas) , US bonds and preferred stock (or perpetual shares). For my overseas investment, I spend quite some time researching securities that will avoid withholding tax. Currently achieved 62K annual dividends and interest. My target is to achieve SGD100K or USD75K passive income before I retire in my early 50s.
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