Time flies and it is time for Mid year review again on the goals that I have set for the year 2017.
1. Achieve 15K of Passive Income
I think I am over optimistic on this. Last year, I received a total of S$10,132.04 of dividend income for the year of 2016. I have since divested M1, Sheng Siong, Cambridge Industrial Trust, NeraTel and Far East Hospitality Trust and only bought Capitaland Mall Trust in 2017.
Recently, I bought Tai Sin Electric but added to my wife’s stock portfolio instead thus I shall not count it as part of my dividend income.
2. Travel to at least 2 countries
I took a short break to Batam (Indonesia) this year. Thus, I have partially met this goal of travelling to at least 2 countries.
3. Drive to Work
I got my new ride! I met the goal of driving to work. Some may think I am wasting unnecessary money by driving to work but do you know I travel 1.5 hours to work daily to and fro? By driving to work, I only spend 30 minutes. Monthly season parking at company cost $120. I estimated monthly petrol cost to be around $200 which is bearable. Monthly car loan installment works out to be roughly S$1000.
Thus, the cost of driving to work is S$1,320 monthly for me. Ouch.
4. Buy Gold
Gold price dropped slightly and bounced back up again. I am not buying gold for investment but just a personal dream to own at least a piece of gold bar in my lifetime. Who doesn’t love gold?