In my last 2016 Q1 Dividend Update post, I highlighted that I will definitely be able to cross the S$10,000 dividend mark in 2016 with the Saizen's payout. Some bloggers did mention to me that they will not have considered the payout as dividends. Each has its own case.
Read: 2016 Q1 Dividend Update - Growing My Passive Income
Well, without considering Saizen's payout, the total (dividends / interests) was only at S$1,628.77 for Q1 2016.
It just got me wondering how far am I from the S$10,000 milestone.
Tracking dividends has somehow become an addiction and, at the same, I do want to know how much income to expect going forward.
Dividends to be paid in 2016 (Estimated)
Confident to Reach S$10,000 Dividend Mark in 2016
Estimated Dividends in 2016 - S$7,196.60
Estimated Interests (from OCBC and SC) in 2016 - S$1,575.00
Total in 2016 (Estimated) - S$8,771.60
Seeing this estimate, I am pretty confident that I am able to reach the S$10,000 milestone in 2016. The total estimated amount excludes dividends expected from DBS and Keppel Corp. It also does not include the stocks that I will be adding in the next 9 months.
Slowly, but Surely...
I can finally feel the compounding working its magic. It has been a long journey. I’m increasing my income level at a much faster pace now due to the dividends and a constantly growing portfolio.
S$10,000 Dividend Milestone - Achievement Unlocked (Soon!).
Hi PI,
ReplyDeleteYou are compounding your passive income pretty damn fast! Jia You!
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We have the same goal of hitting S$10,000 in passive income for 2016! You are definitely on track to meet it!
ReplyDeleteHi Smith, lets update each other at the end of 2016. All the best!
DeleteLooks like you are on track for your milestone! Keep it up and keep going to accumulate...
ReplyDeleteCheers!
Hi Richard. Thanks a lot. I hope it will grow as planned. Cheers!
DeleteWow, i really like your table there. It seems like you are getting so much dividends every month from your companies. What a great way to build up wealth.
ReplyDeleteHi B. I think likewise you are getting a lot from your portfolio. And your portfolio is way bigger. Learning a lot from you.
DeleteDo you have any paper losses for those stocks that you hold? Need to calculate net return....not as simple as just looking at passive income. Anyone can amass huge dividend (passive income) if he has a large war chest. Its a no brainer. But what about paper losses?
ReplyDeleteHi Henry, you are right. My paper lost is mainly from my STI ETF. However, the rest are in the green zone. So net net, I am still positive at 2-3%. Having said that, I am still investing for dividends and I am happy to reinvest to grow the dividend.
DeleteSeems heavily loaded on REITs, with a few exceptions. Be careful the approach to dividend income that may drive you into seeking high yields, resulting in heavy concentration in a single industry. Hope you are managing your risks.
ReplyDeleteThanks Lizardo.
DeleteHi PI Trooper,
ReplyDeleteCongrats on reaching $10K milestones. Should be easier now because of the snowballing effect.
Cheers,
Farmer.
Hi PIF, always easier said than done. The process always seem so slow to reach a sizeable portfolio providing you income that exceed expenses. Anyway, I'm tracking your progress as well. Stay in touch!
DeleteWhy "... excludes dividends expected from DBS and Keppel Corp"? Is there a reason these are excluded?
ReplyDeleteHi Kelvin, sorry i miss this comment. I excluded them in the calculation because i only just started accumulating both of the counters. I am not sure how many shares i will have during ex-dividend period.
DeleteI will start building my portfolio next year (hopefully). I will catch up with you soon!
ReplyDeleteHi James, it is always good to start early! Would love to hear news from you.
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