Wednesday, May 31, 2023
HomePassive IncomeMarch dividends & SSB 3.15% p.a. common yield.

March dividends & SSB 3.15% p.a. common yield.

January and February are normally fairly dry months on the subject of dividends.

If not for dividends in March, my passive revenue in 1Q of any yr can be virtually zero.

I’ll weblog about my complete passive revenue for 1Q 2023 by finish of March or early April.

For now, if I have been to do an estimate, passive revenue for 1Q 2023 may are available in at beneath $40,000.

I shared my plan as regards to SSB, T-bill, CPF and the UOB ONE account in an earlier weblog:

SSB, T-bill, CPF & UOB ONE.

I didn’t apply for the SSBs supplied in January and February this yr as each supplied 10 yr common yields of decrease than 3% p.a. which was decrease than what I might get from my CPF account.

Now, I’m not saying that these SSBs weren’t engaging for everyone however they weren’t engaging to me as my plan was to use with cash earmarked for CPF voluntary contribution in 2024.

I suppose many individuals agreed with me as these SSBs have been fairly badly undersubscribed, with the one supplied in February lower than half subscribed.

The one that’s supplied this month, nevertheless, may be very attention-grabbing to me as it’s providing a ten yr common yield of three.15% p.a.

With the dividends coming on this month, I might put aside at the least $10,000 to use for the SSB.

I’ve made a observe on my calendar to use by 28 March 2023.

If the ten yr common yield stays increased than 3% p.a. for SSBs supplied within the subsequent few months, I might be capable of totally deploy the $38,000 I’ve earmarked for voluntary contribution to my CPF account in 2024 sooner than anticipated.¬†

I may do that in 2Q 2023 simply as 2Q and 3Q are normally comparatively sturdy passive revenue producing intervals for me.

Within the subsequent day or two, I’ll discuss to myself a bit extra as regards to mounted revenue and the way a significant publicity will do my funding portfolio an entire lot of fine.

After all, simply speaking to myself, as standard.




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