January is usually a month I receive no dividend income from my SGX portfolio and my January passive income come mainly from my US/UK fixed income portfolio which come in slightly above SGD$4K this month. My investment strategy has been investing globally for dividend so that I can receive consistent monthly passive income. IMBBY , a UK tobacco counter which I have been accumulating since last quarter contributed > 20% of this month dividend income.  This helps to beat my monthly dividend & Interest income received from 2017 to 2019 January monthly income which has been coming under SGD$3K.

In Jan 2020, 2 of my baby bonds (RILYL and AEH) were called. As Corporation can get a lower interest for issuing a new bond, they will redeem the old one with higher interest. I am expecting this to be the new norm in 2020 and this has forced me to take...