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Mar 2020- Monthly Finance Update-Damage report and preparing for the worst
By GlobalPassiveIncome  •  April 3, 2020
Mar 2020 will be remembered as the worst month when my networth drop >12 % due to the Corona Virus Crisis which caused the fastest stock market correction in history.
Current investment portfolio is sitting on a -23% paper loss. I have ytd realized loss of -15K (at -7% loss) after selling almost 203K of stocks and bonds in Q1 2020 . Thinking about it, if I have not sold those investment, I could be sitting on a higher paper loss end of March. I was too slow to sell some of my REIT and MLP which are Oil & Gas related. I think both industries will suffer huge impact with prolong CV crisis. Some of these counters will be cutting dividend or even going into bankruptcy.

After selling off some of my investment in Mar, I am currently sitting on 693K cash and 148K investment grade bonds which contribute...
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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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