Thursday, April 8, 2021

Alternate Income Report: Mar 2021

The first quarter of 2021 has passed so quickly. We went for a staycation last week and used up our SingapoRediscover Vouchers to offset most of the cost. Quite surprised to see that a substantial amount of vouchers have not been utilised. We were impressed with Carlton Hotel's service and location (*not sponsored in anyway). Anytime we were peckish or needed to head out for a walk, there were plenty of options for us and the LO. I must say it was a much needed break and 'getaway'. And as we enter into April, the wife and I have started preparing for our LO's 1st birthday! 

For Mar 2021, we received $91.30 from interests and dividend returns. Not quite there yet at $200 per month that we are aiming for. This month’s alternate income is almost 50% less than each of the preceding months. Upon examining our projected dividends for the year, Mar and Nov appear to be our 'dry spells'. This means given we maintain our current stock holdings, we can expect that our alternate income inflow will take a dip during this period every year. Understanding the highs and lows in such projections is important for us as we plan to use our alternate income to supplement our daily lives. 

As we enter the second quarter of 2021, we are constantly striving towards this target that we set for ourselves. One positive step we took in March was applying for and being allocated some of the Astrea VI PE Bonds. We are confident that we will reach our goal of $200 per month in alternate income for 2021 with our continuous DCA entry into the market.

On a separate note, I have started a YouTube Channel showcasing my hobbies. If you are interested, you can watch my latest video here! Any feedback, subscriptions or comments is deeply appreciated!

My YouTube Channel: LINK HERE!

My Instagram: LINK HERE!

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