My Passive Income Diary: September 2024

 

If you have yet to read my previous month update, here is the link: https://justbeingernest.blogspot.com/2024/09/my-passive-income-diary-august-2024.html

My Passive Income Sources

For this month, my passive income sources are only:

1. Endowus Income Fund
• Endowus is an evidence-based robo advisor with competitive fees and prices in Singapore.
• It allows you to invest all three sources of wealth - CPF, SRS and cash. It is the first and only robo-advisor in Singapore to allow you to invest your CPF monies.
• Their portfolios utilise funds from global fund managers, such as PIMCO and Dimensional, with real, long-term proven track records.
• Personally I invested in the Endowus Income Portfolios where I receive monthly payouts from the funds.
• Click here if you are keen to sign up: https://endowus.com/invite?code=QFMWH
2. Chocolate Finance Cash Management Account
• Chocolate Finance offers attractive interest rates on your cash deposits, significantly higher than traditional savings accounts.
• Unlike traditional savings accounts, Chocolate Finance provides daily interest accrual. This means you see your money grow consistently, day by day. 
• You can withdraw your funds at any time without penalties or restrictions. This gives you flexibility and peace of mind. 
• There are no hidden fees or complex terms associated with Chocolate Finance. 
• Your funds are invested in a carefully curated portfolio of short-term bonds, providing a balance of risk and reward while maintaining high levels of security.
• Click here if you are keen to sign up: https://share.chocolate.app/nxW9/y321ds2r

My September 2024 Passive Income

In September 2024, I received the following passive income: 

1. Endowus Income Fund: $103.05
2. Chocolate Finance Cash Management Account: $7.48

Total Passive Income: $110.53

What's Next?

As you can see based on the charts, the passive income for this month dropped drastically from 1,230.98 in August 2024 to 110.53 this month.

This goes to show that I would need to build more income streams such that the fluctuation is not too drastic on a month on month basis.

I have been accumulating more dividend stocks during this period and looking to invest even more although capital is limited and I would also want to have spare cash to invest during opportunities.

For the coming period, I will be spending time to read up on more companies and also be out overseas.

Stay tune for more updates!

By the way, if you are looking for an insurance advisor, I can refer to you the list of insurance advisors that I work with. 

These insurance advisors are people whom I personally have used their service before. 

Feel free to contact me if you want me to refer them to you. 

You can contact me via telegram at https://t.me/Justbeingernest

And by the way, if you are looking to get Travel Insurance, you can compare them here: https://apply.creatory.singsaver.com.sg/click?o=535&a=53 

Or if you are looking to get Credit Cards with sign up rewards, you can compare them here: https://apply.creatory.singsaver.com.sg/click?o=588&a=53