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Investing for income to help support a small family.

Sunday, August 7, 2016

Hi AK,

I'm a 34 years old on a stable job earning enough to support a small family. I have a sum of around 50k to 70k set aside purely for investment for passive income.

Although the sum is not a lot but I'm looking at buying blue chips (im looking at singpost and starhub) and REIT (I'm looking at Aims and Cambridge industrial trust).

Its my 1st time investing and im a very lazy person and I don't want to be bothered about or worry about whether the stock will crash or not with minimal montoring.

May I have your opinion on whether the 4 stocks mentioned above serve my purpose of minimal monitoring?

Regards,
D




Hi D,

They are all good investments for income. Well, they have been so for me (except for Singpost which I do not have) ;)


Minimal monitoring but still must monitor. ;p


I am ready to buy more in the event of a stock market crash, all else being equal. :)


Best wishes,

AK



Passive income will be useful in helping D pay some bills regularly at home.

"That is what passive income is for at the most basic level, to help pay some of our bills." 
Source:   http://singaporeanstocksinvestor.blogspot.sg/2015/06/thank-you-for-investing-in-income-for.html

Related post:
AK anyhow picks 5 stocks for income investors.

4 comments:

SMK said...

lol christopher tan gonna knock on your door soon.

AK71 said...

Hi SMK,

I haven't heard from him. Must be busy.

... said...

I would avoid Cambridge.

Go for better quality REITs like CCT & SPH REIT to have a better night's sleep.

If you are a bit more adventurous, can try OUE Comm REIT or VIVA Industrial Trust... the risk with these 2 names are they may do a cash call within the nx 2 years (esp VIVA).

AK71 said...

Hi Alan,

I find it strange that you would avoid CIT when you suggested OUE C-REIT and VIT for the more adventurous. ;p


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