Back in 2015, I never thought I would have to work past 2020. The idea was that I would have accumulated at least 1.7 M by Jan 2021 and would be comfortably returning 110k a year in passive income based on a 6.5% yield. How laughably naive. The optimism is commendable but misguided. Covid struck hard. Several terrible decisions were made. EHT is bankrupt. A 50k write off. Ouch is right. First REIT is trading around 20% of my cost price. Never again Riady. Never again. Yields have been severely compressed with "quality" REITS, e.g., MINT, PLife, Ascendas REIT all returning paltry yields of 3-4% or, gasps, less. With the view of improving portfolio resilience, I made a conscious decision to rebalance my portfolio to go REIT-lite (well, lighter) and increased my holdings in DBS, UOB, OCBC. The MAS cap on banks' dividends does mean that these companies are returning 3% or less per annum. Sigh. All in all, projected dividend income for 2021 is 85k on a portfolio
Born in the 1980s. Aiming to FI by 2020.