My expenses did increase in Dec and because I will be going to Taiwan soon in Jan 2020 so air tickets and accommodations have to be paid in advance.
In Dec, I did my first purchase through FSMone ETF RSP by buying 61 units of SPDR STI ETF at a price of $3.248
I switched over to FSMone as there are more options and commission is also affordable.
Read more: Switching from POSB Invest Saver to FSMone ETF RSP
Dividends:
December was quite a nice month, with dividends from Far East Hospitality, First REIT and Tai Sin Electric. The payout was $19, $22 and $35 respectively.
As I have a RSP for the index portfolio with FSMone which I will re-balance every one year, I am going to be buying more REITs and stocks that can raise up my dividend rate.
For 2019, my total dividends came up to be $502.62 which is nearly double the amount I received in 2018. I hope to increase my dividend rate as it really can act as a cushion and I can also decide whether to re-invest it once it becomes substantial.
I know the dividend amount is really small compared to other financial bloggers but I am glad that I have started and can see the change and increase of it year on year.
Portfolio:
Good to see dividend flowing in, isn't it. Starting time is slow, but with compounding effect, your dividend will grow faster at later stage
ReplyDeleteHappy New Year! I was also considering to set up FSMOne given its low commission cost. Maybe I should stop procrastinating and set it up.
ReplyDelete