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How to earn $6000+ a month in passive dividend income? Buy REITs, dividend stocks, or investment property? (as a Singapore Investor in 2024)
By Financial Horse  •  June 29, 2024
So I received this great question from a reader: Hi FH, I am looking to retire soon, so I want to build up some passive income. I have about $1.2 million that I can invest at the moment, currently spread across multiple investments. I would like to get your views on where is the best place to park that money? I have narrowed it down to 2 options:
  1. Buy an investment property and rent it out for passive rental income
  2. Buy a combination of REITs / US Stocks / Dividend Stocks for dividend yield
For option 1, I can use my spouse’s name to buy the property, so there will not be ABSD. I prefer not to take up a mortgage if possible, because of high interest rates. For option 2, I am open to relooking my portfolio once in a while. But I do not want to spend too much time keeping up to date with what’s going on...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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