Objectives of this blog:
1) Plan for my retirement.
2) Journal my way to financial freedom for my family and me in Singapore.
3) Share my financial knowledge and wealth management in an easy to understand way.
My current aim is to generate a passive income of $3000.
Friday, October 23, 2009
My Passive Income (23 Oct 09)
I managed to increase my passive from $ 600 to $761.00. My target is $3000, so that mean that I need to achieve $2239 more. I am glad that I am 25% there.
hi, i am also looking into holding dividend stocks for passive income. dividends are paid out on average twice a year. How do I interpret $600 - (1) $600 every 6 months, or (2) $600 per month?
Hi thenhow, If dividends of $600 are paid out twice a year, then it should be case (1) and not case (2). That mean you get $1200 per year, or $100 per month.
2 comments:
hi, i am also looking into holding dividend stocks for passive income. dividends are paid out on average twice a year. How do I interpret $600 - (1) $600 every 6 months, or (2) $600 per month?
Hi thenhow,
If dividends of $600 are paid out twice a year, then it should be case (1) and not case (2). That mean you get $1200 per year, or $100 per month.
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