Sponsor: 🐂 Webull Singapore https://hmsg.link/sgwebull ✅ As mentioned in video - OCBC 360 Account (Code: R6U9FDOS) - HSBC EGA Everyday Global Account https://hmsg.link/hsbcega _________________________________
Disclaimer: The information provided in any affiliate referral or recommendation should not be considered as financial advice. The content is for general information purposes only and does not take into account your personal financial situation, goals or objectives. You should always do your own research and seek professional advice before making any financial decisions. We may receive compensation for affiliate referrals, but this does not influence our recommendations or reviews. _________________________________ I’ve stopped posting my monthly passive income updates on Instagram, and here’s why:
Technical issue with August passive income post Downtrend in passive income — from S$3K/month to just over S$1K in August and September 2024 Here’s a quick breakdown of the situation:
August 2024: S$1,426 September 2024: S$1,232 Income sources: high-interest bank accounts, money market funds, dividends, bond interest, and promos Why the drop? Interest rate cuts and reallocation of capital to equities Funds redirected to S&P500 and index funds + home renovation expenses Strategy shift: focusing on capital gains from equities rather than chasing cash flow I’m prepared for this lower-interest environment with a balanced approach between cash and index funds. Watch to learn more about my current strategy!
