Ending 2020 with a $30,000 portfolio and dividends collected revealed! | Tesla stock price crashed like soufflé?

Hi guys, welcome back to another episode of SingaporeanTalksMoney. Please subscribe to my channel to stay updated on my content and also to punch the like button to show support for me! We are left with just about a month till the start of 2021, this has been a challenging year for everyone. But there are definitely good things as well, one of it is that I have managed to save a lot more in 2020. With the year coming to an end soon, today's video will be a personal finance update video where I show the breakdown of my portfolio and also dividends received this year. Kinda like a year end performance review.

2020 definitely was a year where I had more spare cash for investing as travel plans were disrupted and working from home became the norm. I guess this was the same for many because after the crash in Mar/Apr 2020, the markets have been recovering like a bull and even surpassed many valuations. It seems like everyone has a lot of spare cash as stocks, cryptocurrency and gold all surge to new highs.

On my side, my portfolio has definitely grown since the last video where I talked about my $18,000 portfolio which I will link it below and at the top. With my regular savings plan and occasional individual stock purchases, my portfolio has grown partly due to Tesla, from having a stock split to being included in the S&P 500, the news really just keeps coming in.

My Portfolio

My current portfolio as of 1 Dec 2020 stands at a little above $30,000. It has seen a 40% growth since my last portfolio breakdown done in around June or July 2020. Definitely, I will be showing a breakdown of my portfolio so that I can compare it again mid-year in 2021 and see if there are any major changes.

How did the portfolio grow?

The main growth factor for my portfolio are definitely the US stocks as S&P 500 and Tesla soared up with news of Joe Biden being elected and the vaccine being available. My Total World Stock ETF holdings (VT) has provided me with about 13.19% profit and Tesla providing me with about 83.16% profit as of 4 Dec 2020. There are winners and definitely losers, just like in my previous video, the investment that made me lose almost all my capital, Design Studio is down 84.57% and my Singtel holdings are down 32.49% as I bought them during the high.

My Singapore portfolio is still in the red mainly due to counters like Design Studio and some REITs that I purchased at a pretty high price. I am keeping all my Singapore holdings as I like the dividends and just having a Singapore portfolio is a little more assuring, at least to me. I am planning to also add more CRCT and Far East Orchard in the near future.

This year, beside my RSP of adding VT and VOO to the portfolio, I also added OCBC, Far East Orchard (O10) and most definitely Tesla which is the main reason my portfolio could grow so fast.

Dividends received from portfolio in 2020

Dividends! I used to loveeee dividends as it just makes you feel so good receiving some pocket money throughout the year, however, this year I have been buying more into US stocks and so my dividends for next year, 2021 will not be increasing much as I am now investing in companies that are growing and so will not pay dividends. With the current REITs, Banks and STI ETF in my portfolio, I received a total of $722.56 which translates to about $60 dollars per month. To me, that really quite a nice amount to be receiving, definitely hope to break 3 digits monthly next year but I have sold First REIT so my dividends might not be as much as expected. This will be something that I will look out for in 2021, my dividends payout.

Comparing dividends received from past years

My dividends received year-on-year has been increasing meaning from 2018 where I received $22.75 monthly and in 2019, $41.89 monthly to $60.21 monthly for 2020.

I hope to definitely be able to double the previous year dividends year-on-year meaning I hope to receive about $120 in dividends monthly for 2021. As I find dividends a nice cushion and in Singapore, we all love dividends.

Conclusion

Before I end it all off, in another news of leaked emails from Elon Musk to his employees, he has asked them to control costs and maintain profits because investor have been giving them a lot of credit for future profits judging by the stock price. Is this another way of Elon saying that "Tesla stock price is too high imo". I do have to say that everyone is looking out for Tesla's future, being a disruptive company, it's effects can be very profound in the years to come. But to do that, they have to make sure that they can survive first and I think Elon Musk has a way of communicating and doing that.

Thanks for staying till the end, do remember to subscribe and hit that like button for me to produce more content for you guys. My next video will be my financial goals for 2021 and how I hope to achieve it, so do subscribe and hit the notification bell to know when my next video is released. Bye!

https://www.marketwatch.com/story/tesla-must-control-costs-or-stock-will-get-crushed-like-a-souffle-under-a-sledgehammer-elon-musk-reportedly-says-11606871379

Side income ideas to start earning an extra $100 per month

This year has made a lot of people create a second stream of income or set up a side business as they realized that relying on one main source of income is very risky as anything can happen and you would be out of a job with no income.

Covid has hit a wide spectrum of people, from F&B to services and caused many businesses to shut. We are all afraid of losing our jobs as it is what provides us with money to survive. A few of my air stewardess friends have set up home bakeries, baking brownies and tiramisu, the number of their orders are huge scale with each session being sold out within hours. I myself have also patronize some local bakeries and though some charge at a premium, the choices and creativity really is great.

I think it makes for a great gift as well since we were encouraged not to be in close contact with one another. So to today's topic, side income ideas to start earning an extra $100 per month.

Provide your services

• Second opinions on Carousell

Providing something for others can help you earn because people will pay for your services depending on the demand. 2 recent examples I saw that I felt was very innovative was first on this guy who gave second opinions for a token fee of $5. Though he has not been earning from this service that he is providing, I do think it is a good start and especially so when he went viral, he has gotten a few request.

https://mothership.sg/2020/10/unbiased-opinion-carousell/

• Steven lim birthday song

The second one was on Steven Lim where he charged $100 to sing a birthday song, he managed to earn $78,000 within 7 months from it which is a crazy amount. Of course, you can provide a different kind of service depending on what you like to do.

https://mothership.sg/2020/06/steven-lim-birthday-dedication/

https://mustsharenews.com/steven-lim-car-advice/

• Upload your high quality photos to stock websites and earn everything someone uses them

Create a YouTube channel with whatever you are good at/interested in

If you love sharing about your life or anything, YouTube is a really great platform. I would say that even though my YouTube channel is not well-established because I have seen other people who have achieved a huge follower/views on YouTube and it really is just a starting point because once you have gained a following, many of them have created courses and do affiliate marketing through their channel.

Definitely, the amount of effort into each video is huge, from recording to editing, there is much to do and learn but with visual content being the biggest thing now, there is no harm in learning new skills. With just ad revenues, big YouTube channels have said to be earning enough and it really depends on your ads and clicks but overall YouTube is a great platform to let your ideas flow.

I have been watching this channel called The Iced Coffee Hour with Jack and Graham Stephan, the guest on his YouTube channels are all huge and earn quite a substantial amount through their channels with different avenues. He reveals how much the channel has earn on every new episode and it is interesting. Of course, getting to earn from a YouTube channel is not easy as there are criteria to be reached. I would say that it is also a good way to explore other interest of yours. Cooking channels for example have been increasing since the beginning of the year as more people start cooking at home. If you have an interest or are good at it, you can film yourself learning or cooking up a storm. There are just so many ideas to present your video.

Create a blog/course/e-book

Besides having a YouTube channel, you can also earn ad revenues from blogs which you can co-create together with your channel. You can earn from the ads placed on your blogs. If you are able to attract a large following then definitely, you can also sell your own merchandise through the brand that you have created. Similarly to the Youtube channel, you can release your own courses or e-book for people to purchase.

Dividend income

Using the income earned from your main 9-5 job or from extra cash lying around can also be invested and the investments that you have can pay you dividends/interests. It might be a small amount in the beginning but once you build your capital up, the dividends that you can received monthly can turn out to be pretty substantial. Many people have managed to build up portfolios that provide them a "more than enough" monthly dividend payout.

I will be revealing in my next video how much dividends I have collected in 2020 and also my portfolio value, do look out for that!

Conclusion

All in all, building a side income can take time or it might not even seem rewarding in the beginning when you are putting in so much effort but not getting the returns as expected. If in the long run, it doesn't become profitable, take it as a learning experience and I believe it will be a good experience. In this time and age, setting up a website or youtube channel for yourself is easy but the content has to be good for people to want to continue to watch or read your content. I would say that my Youtube channel has very slow growth at the moment as I know the content and my expression is not as engaging. But I do hope to improve on the way and so if you like my content, do subscribe and hit the like button to show support. Thank you!

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