Since living with dividend, no free lunch, need to work it out, find out STI counter, Reit/Trust dividend history, average above 6% yield, avoid to buy in high.
This day bond are become popular, don' t miss the fixed income.
I think one challenge is whether these stocks can consistently pay the dividend over long term.
if a person do not need to pay installment, every month expension 1k is more than enough, add the entertainment , traval, 20k more than enough for a year.
Invest in high interest share, bond and reit, to get the 6% yield return, and the capital need is 340k.
STI counter with more than 6% yield last year are: HPH Trust, StarHub, Ascendas Reit, Keppel corp, Sembcorp Marine, UOB (2015 only)
Bond counter 5 to 6% yield have 6 counter now, and REIT or Trust 7 to 12% yield have many counter .So invest 340k with 6% return it's no a problem. One year income is more than 20K.
And I understand, most of in this forum members are losing money in share market, 340K cash is a big amount for most of them.
I think one challenge is whether these stocks can consistently pay the dividend over long term.
if a person do not need to pay installment, every month expension 1k is more than enough, add the entertainment , traval, 20k more than enough for a year.
Invest in high interest share, bond and reit, to get the 6% yield return, and the capital need is 340k.
STI counter with more than 6% yield last year are: HPH Trust, StarHub, Ascendas Reit, Keppel corp, Sembcorp Marine, UOB (2015 only)
Bond counter 5 to 6% yield have 6 counter now, and REIT or Trust 7 to 12% yield have many counter .So invest 340k with 6% return it's no a problem. One year income is more than 20K.
And I understand, most of in this forum members are losing money in share market, 340K cash is a big amount for most of them.
CPF deposited cash in retirement account will locked until age 65. Monthly withdraw are set, if urgent need more money for others purpose, no way to withdraw.
Living with dividend person must be able to take and avoid risks.
For those :
1. who are more averse to risk and conservative,and
2. who have fully paid their housing loan, and
3. have spare cash , and
4. who are 55 & aboveI would suggest them to put the money into the CPF Enhanced Retirement Sum (ERS) or top up ERS to the maximun of $241,500
Interest @ 4% p.a on ERS., one year $ 9,660.........
plus you interest from medisave a/c (4% pa) and ordindary a/c (2.5% pa)....... should be enough for you to survive.
You can continue to live on interest and opt not to withdraw the monthly sum when you reach 65.
CPF Retirement Sum Scheme.......L i n k
CPF Interest Rates from 1 April 2016 to 30 June 2016 .........L i n k
2015 Median monthly household income from work : $8,666
2015 Median monthly household income from work per household member : $2,500
The above figures include employer CPF contribution
=> net take home income should be about $5,925 per household and $1,709 per member
One should aim for at least $30,000 per year in order to survive comfortably.Housing repayment entirely on dividend generated by CPF investment.
For those :
1. who are more averse to risk and conservative,and
2. who have fully paid their housing loan, and
3. have spare cash , and
4. who are 55 & above
I would suggest them to put the money into the CPF Enhanced Retirement Sum (ERS) or top up ERS to the maximun of $241,500
Interest @ 4% p.a on ERS., one year $ 9,660.........
plus you interest from medisave a/c (4% pa) and ordindary a/c (2.5% pa)....... should be enough for you to survive.
You can continue to live on interest and opt not to withdraw the monthly sum when you reach 65.
CPF Retirement Sum Scheme.......L i n k
CPF Interest Rates from 1 April 2016 to 30 June 2016 .........L i n k
1. No installment.
2. 20K a year, included entertainment, travel, plus for utilities, see doctor etc, but can not own a car, the small car one year need 12k.
3. To have cash 340k to collect dividend person, will still need to rent a room?
340k it' s median, some people do not need 20k for a year, a lot of ppl no need to work 8 to 5 for living, they work using money to make money but not gambling or loan sharks.
even if you need not pay instalment for house, you also need to pay utilities, see doctor, etc
even if you need not pay instalment for house, you also need to pay utilities, see doctor, etc
agreed 1k per month for one person is ok but i personally think that is living in a miserable state. You cannot own a car, cannot eat in restaurant, cannot buy some luxury makan. One thousand dollar a month is only 33 dollars a day. That person must be living with their parent or someone else as renting a room is easily about 500 to 600 dollars a month leaving a balance of about 500 dollars a month. Sad life is miserable. The topic is " can live on dividens or passive income" without a job. When with a job the dividens is additinal income.
if a person do not need to pay installment, every month expension 1k is more than enough, add the entertainment , traval, 20k more than enough for a year.
Invest in high interest share, bond and reit, to get the 6% yield return, and the capital need is 340k.
STI counter with more than 6% yield last year are: HPH Trust, StarHub, Ascendas Reit, Keppel corp, Sembcorp Marine, UOB (2015 only)
Bond counter 5 to 6% yield have 6 counter now, and REIT or Trust 7 to 12% yield have many counter .
So invest 340k with 6% return it's no a problem. One year income is more than 20K.
And I understand, most of in this forum members are losing money in share market, 340K cash is a big amount for most of them.
not easy to live on dividens or so called passive income. You need to have money to buy big. Say a stock or share give you a yearly return of say 8 percent is consider good. So to have a passive income of say 5000 sing dollar you need to put in about $1 million dollar. So those so called trainer in stock investing say can live on passive or dividens income may not be so true provided you have the money ha ha ha ..............have money made money
Vibrant, singtel and YZJ. You can survive on these, but there are many others out there.
Bro, any1 here live on dividend only? Which stocks?
Transit concrete
Bro, any1 here live on dividend only? Which stocks?
