Added $1k p.m. income this month

 Just a lunch with my 2 colleagues few days ago, we discussed about:

* Maribank Invest Income, its fund manager Aberdeen and Fund PICMO GIS Income Fund SGD Hedged,

* Trust INCOME+ Funds,

* Switching my LG500 portfolio with Endowus,

* Surrendering my two Resale Wholelife Insurance, which I plan to be my "cash CI" policies coverage,

* Maturing payout from my PrudSave in Aug 25,

I managed to add $1,000 p.m. to my passive income!

~~~

How I achieve it?

* Invest in TRUST Income+ portfolio which earns 6% p.a. ($100k x 0.06 = $6,000)

* Recently invested Maribank Invest Income @4.5% p.a., ($25,000 × 0.045 = $1,125

* Stock which pays 4.5% p.a. dividend ($15,000 × 0.045) = $675

* Recently resale annuity payout of $4k p.a

Total payout = $6000 + $1125 + $675 + $4000 = $11,800 --> $1,000 p.m.

~~~

My takeaway,

1. Repeat it for 5 years, I will add $5k p.m. for passive income.

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