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Feb 2020- Monthly Finance Update-Great dividend/interest incomes received but suffer huge paper loss
By GlobalPassiveIncome  •  March 4, 2020
Feb 2020 is probably remember as the worst month for my portfolio which drop 6 % due to the Corona Virus Crisis which caused the fastest stock market correction in history.  Despite the doom and gloom in Feb, the only silver lining is that I am still receiving good dividend/interest incomes of about 6k while I wait out this storm.

I did trim down about 47k SGD of some of my retail reits SGX counter and another 11k USD of US reit to minimize the impact on the portfolio early Feb. However, I was too slow to sell some of my MLP which are Oil & Gas related. I think the O&G industry will suffer huge impact like reit and travel stocks which could drag out for a year. I will probably put a hold on selling of any MLP since most of these are preferred stocks which generate great dividend....
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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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