Fortunately
I closed my entire SPH position in one day when it reached $4.47. It is facing
the stark fact that it is a sunset/declining industry, inching its demise
towards paperless age. The REIT story was a nice opportunity to exit at a modest profit. Will it materialize? Perhaps not in the next 6 months.
I have
since reinvested the proceeds in unit trust, oil and gas, utilities sector and embarked on
portfolio financing by pledging all my shares and unit trust to a bank. By end
of May, I should be able to gear my portfolio to about $800,000 at 1.05% preferential
lending rate given by my company.
By then, my
monthly passive income should reach $3,000 per month after accounting for interest
costs and net yield on my capital will be at least 8% P.A.
Stay tuned
for my updates.
5 comments:
Hi Sgblue chips,
Just curious your project $800k does it include cpf investment ?
Thank for answering
hi sgblue chip,
May i know your projected $800k does it include CPF ?
No. CPF used for house purchase already
Wow..pure cash.i only managed to accumulate 600k plus cash when i am 32 thru years of hard works and saving.
Dont you need to spend on wedding and honeymood they can be quite cosy.
Well done bro..you did singaporean proud
Could you advise which bank provide Portfolio Financing in Singapore. Thank you
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