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Aug2021 Finance update – Monthly Dividend/Interest received $7.6 k
By GlobalPassiveIncome  •  September 3, 2021
In the month of Aug, dividend/interest received is about SGD $7.6K with 1.2k coming from the last Accordia distribution. I sold off China Power 2380.hk after it went up >50% and one of my bond holding Ingram Micro was redeemed. Both transactions ended up netting a gain of USD $7.34k. I bought China Power for its 8% dividend but for some reason , it went up sharply. The gain itself is like more than 6 years of dividend. Usually, I am a buy and hold long term investor. However, I realized that HKSE China counter even for a slow moving dividend stock could suddenly spike and then crash. As I wrote last week, my HKSE portfolio went from ytd 15% gain to current 0% in Jul. I did not take any action on a few counter which went up 50% like CNOOC and Sino Engr before crashing down in Jul....
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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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