Summary of August 2024

Investment

 

$1,455.68 collected in dividends from DBS, OCBC and SingTel.

 

This, together with another good month in terms of my side hustle as a freelance personal trainer means I have a higher investable amount without touching my main income or savings.

Have not added anything in August since share price of the counters I had planned to add has ran up. Will monitor for dips and enter.

Will continue to add into my income portfolio using: 75% of my side income + 100% of dividends received.

Have been doing this on a monthly basis whenever possible and it has worked well so far.

 

On the one hand I get to grow my portfolio and increase my passive income through compounding, on the other I leave my savings which is my safety net, untouched.

Have also opted to take partial scrips for the upcoming Mapletree Logistics Trust distributions in September.

 

Family

Wifey and I have decided to withdraw our son from his nursery school as we have reasons to believe he has been verbally and physically abused at school.

 

Along with the abrupt change in our son's demeanour, we have also personally witnessed an incident which further substantiated our thoughts above.

Have spoken to the school principal about our son's safety and well-being but she claimed that nothing unusual have been caught on CCTV and that's about it.

Will probably bring this up with ECDA.

Business

 

Exciting times for me work-wise. I have signed an MoA with another company to co-develop an innovative solution to solve one of the biggest environmental issues in today's world.

While it is still an early stage, once the prototype is developed and buy-in is received from the authorities, the scale up will be fast. I'm very much looking forward to this.