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!

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