Income Report: November 2014

November has been a great month from me. While some believe in building a passive income to grow wealth, I prefer to tackle both active and passive income growth at the same time because realistically, it’s takes quite a lot of capital to grow passive income. Apart from the regular income from my day job, this month I have received $3637.74 from both active and passive incomes.

Active Income: $1282

Website Project ($1260)

A client of mine requested for a website revamp and we spent a few months to complete this project. It took longer than expected as the client was busy with their business but I didn’t really mind as I still had my day job to keep me busy. The client was very satisfied with the work and that’s the most important part because my clientele is built through referrals. They have already referred a client to me once and I made a profit migrating her website to my webhosting partner for affiliate income and conducted a half-day training session to train her staff to manage the website.I’m confident that I can expect more from them when the time is right.

Namecard Printing ($22)

On top of my digital marketing work, I also have a small printing business. I managed to sign up as a reseller of a printing company so that I could take up client requests for printing jobs at a small profit without investing in printing equipment (not that I know how to operate and maintain them anyway). While the money is insignificant, there’s very little work involved as well.

Passive Income $79.44

Affiliate Marketing ($79.44)

My affiliate marketing programs earned me a small profit of $79.44 through a client’s renewal of his Shopify account and a new client’s registration for webhosting services. As I didn’t have to do any work this month, I’m not disappointed that the profit is tiny. I plan to explore opportunities to grow this passive income.

Portfolio Income $2276.30

Capital gains ($2238.80)

My divestment of SingPost made a capital gain of 65% from my initial investment. I’m very happy with the profit I made given that I only held the stocks for around 2 years. The capital and gains will be remain in my investment war chest and reinvested when I find a suitable investment.

Dividend gains ($37.50)

Although I have sold my SingPost stocks, the transaction was only done after the Ex-dividend date so I qualify for my final dividend issue of $37.50 on top of my capital gains. That’s the icing on the cake for me!

Expense Report: November 2014

Second month into my expense tracking and I’m starting to get use to doing this. My total expenses for November is up to $3151.21 (including fixed expenses of $1900.99). While I didn’t manage to reduce my variable expenses by half like I wanted to, I’m glad to find that many one-off expenses were greatly reduced. November’s challenge was a partial success because while I failed to reduce the costs of eating in restaurants (for good reas0ns), I managed to reduced my shopping expenses to ZERO!

The biggest impact to my expenses this month was going for a Tonsil operation to remove my defective tonsils that have caused me to fall ill on several occasions. I chose to do the operation this month because it’s the quieter part of the year where there wasn’t a lot of work to do and I could spend 2 weeks on medical leave, working from home. The best thing was that my insurance agent informed me that the operation would be 100% covered by my shield plan because I had bought a rider on top of the basic shield plan previously. As I was spending half of November at home recuperating, expenses should be reduced by quite a bit.

December’s Cost Management Challenges: Reduce spending on snacks and desserts and limit to $30 (50% reduction) for both financial and health reasons.

Transportation: $43.99

Commuting charges on the B.M.W (bus, MRT, walk) went down a little this month due to my 2-week medical leave and working from home.

Food: $513.91

I thought that I would spend less on food after the operation but because the tonsils hurt so much, I spent more money on soft food and desserts.

Groceries: $9.90

I didn’t buy much groceries this month because I couldn’t eat any of them anyway.

Shopping: $0

Woohoo! I actually didn’t do any shopping this month at all. I’m pretty proud of myself for not spending money buying anything I don’t need.

Entertainment: $339.86

Entertainment expenses went up quite a big this month as a Japanese friend was visiting Singapore this month so I brought him to a nice dimsum restaurant for some food. We also had a birthday celebration for a friend of mine so we treated him to dinner.

Miscellaneous: $342.56

Birthday gift ($40) – I contributed some money for a friend’s birthday gift. Well worth the price because he liked it very much.

IC Re-registration fees ($10) – I paid $10 to re-register my IC. Everyone has to do it at the age of 31.

Haircut ($10) – Got a haircut to look decent for a change.

A return ticket to Taipei in January 2015 ($282.56) – I saw that Scoot had a pretty decent promotion for flights to Taiwan and since I had to clear some of my annual leaves early next year, I bought a return flight to go for a well-deserved holiday.

Divestment of Singapore Post Limited

When I bought 3 lots of Singapore Post Limited (SingPost) 2 year ago at a cost price $1.149 per share, it was a pure dividend play. A no-brainer really, to put money in a stable stock that has been consistently distributing around 5% dividend yield every year.

This all changed after Alibaba acquired a 10.35 per cent stake in the postal company. Speculators started trading SingPost shares and the stock price started soaring to a 52-week high almost every week! This dividend stock has changed into a growth stock in my portfolio.

After piercing the resistance level of $2.00 per share for a few hours, the share fell back down to $1.88. I did my calculations and decided to sell all 3 lots of SingPost at $1.905 a few days later to lock in a modest gain of 64.95% and an annualized return of 28.4%. This is after the stock has past its ex-dividend date and that means I’m going to receive my last dividend of $0.0125 per share as well!

At the time of writing this article, SingPost’s share price has gone up to $1.93 but I don’t have any regrets selling this stock because I personally don’t see much upside in this stock from its current price.

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