Sunday, January 3, 2021

Total Passive Income (2020) - CPF Interests + Stock Dividends + S&P 500 Index Fund ($42.5k)


Don't you just love logging into your CPF account on 1st Jan to find out how much interest has been deposited? Last year's (2020) interest income from CPF is $13,751.

I also made the decision to purchase the S&P 500 index fund via Endowus with $40,000 of my CPF Ordinary Account (OA) funds in Sep 2020. It has since generated $2,859.92 (+7.15%) returns within a short time frame of 3 months, beating the 4% Special Account (SA) annual interest rate.

Add that to the dividend income of $25,917  generated by my stocks portfolio would bring the total passive income received to $42,529 for year 2020 (excluding capital appreciation of the stocks portfolio).

Not bad for doing nothing and earning money while sleeping, aye? It's like having a son earn money and him giving you all his paycheck as an allowance, haha. My goal is to earn $50,000 passive income annually because that's how much I think I will need to stop working and live a reasonably comfortable lifestyle.

1 comment:

  1. Hi 1MSREITs, you are the bestz. Think you will reach your S$1Mil target mark within the next 1 to 2 years (once the market recovers from this recession) with your super impressive portfolio built up and good investments made locally and also in overseas markets. How I envy you.....I still need many many years to go to accumulate enough to get out of the rat race. :)