Passive Income

With the Covid pandemic wrecking economic damage online, it's inevitably going to cause a global recession. Before writing this, IMF already announced that the global economy was in recession.

Because of this, government worldwide are pumping monies into their economy to help businesses stay afloat.

People are worried about being laid off. With unemployment expected to rise, it is indeed worrying especially if you are in the private sector. I am blessed to still have a job.

It is expected that SG will enter a recession and I do not foresee myself getting any bonus etc, any extra money other than my salary.

This brought me to my dividends - at least they could provide me with some help.

I relooked at my past 2 years dividends.

Dividends

2018: 6750

2019: 6155

So far, for 2020, i have received 1000. Expecting another 2760 in May. This extra cash will come in useful.

I don't buy reits because the reits are overly leveraged and that if business is poor, they would likely need a right issuances. So in my 12 years of investing, I did not buy a single reit.

Thus far, I also have not bought a china stock. Reason was that there was once, I nearly bought a china stock based on the reported financial reports. But the company quickly went downhill after it was discovered that they had made false report. I was totally shocked that this could happen, and therefore I told myself never buy any china company stock because you can't trust the figures in the reports.

I have saved up 6 months of emergency funds. Will bide my time to buy stocks since this pandemic will be a long drawn affair.

Trying out some infographics making

I was quite bored so decided to try ny hands at making some simple infographics. 

I decided to download Canva to start this. They have some nice templates for infographic. I made one just to pass time.

This was a very rough one but I quite like the idea. It forces you to concise everything into point forms. 

Buying times

Shortly after I bought 5k of Singtel @ $3 a share, the stock market tanked.

Yesterday Singtel sank below 2.50.

I managed to buy another 3k shares at $2.50 a share.

If the share price continues to fall, next target price I am looking at is $2. Will buy another 3 or 4 lots at this price.

Stock crash

I just bought 5k of Singtel at $3 per share when the stock market experienced the largest drop in one day. A black monday precipitated by a 30% drop in oil future.

This drop had a tsunami effect, as investors are already jittery over the effect of covid 19 on the global economy. 

I planned to stock up more on singtel once it reaches 2.50.