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April 2020- Monthly Finance Update-Passive income collected 5.7k and portfolio re-balancing
By GlobalPassiveIncome  •  May 15, 2020
In the month of Apr 2020 , the good news is that my passive income collected is around $5.7k and my liquid networth recovered by 6% after a sharp drop >12 % in March due to the Corona Virus Crisis selloff which caused the fastest stock market correction in history. Despite the stock market rally in April, I did not benefit much from the rally as my portfolio is in net selloff after clearing most of my risky MLP and reit positions. I believe both industries will suffer huge impact with prolong CV crisis. Some of these counters will be cutting/suspending dividend or even going into bankruptcy. I also write off my entire Eagle Hreit stake which result in a whopping total realized loss of 70K for year 2020.  Current investment portfolio is still sitting on a -13% paper loss end of April.

I initiated a new position in IS...
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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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