Previously, I’ve shared monthly portfolio updates to track my passive income journey. However, as I transition into a new job and my investment strategy becomes more stable, frequent updates no longer provide significant value. My portfolio moves are infrequent, and I prefer a longer-term perspective.
Starting this quarter, I’ll be shifting to quarterly updates—covering key developments, income sources, and reflections on my financial progress. These updates will serve as checkpoints to assess whether I’m on track toward my long-term financial independence goals.
In this Q2 2025 update, I’ll break down:
- Year-to-date passive income performance
- Portfolio adjustments (if any)
- Market observations and strategy refinements
- Challenges and lessons learned
- Next steps and goals for Q3 2025
Year-to-Date Passive Income Breakdown
Passive income remains my primary focus, and in 2025, it has come from three key sources:
1. SGX Dividends: $4,284 (YTD)
My Singapore Exchange (SGX) dividend stocks continue to be the backbone of my passive income. While I haven’t made significant additions to my dividend portfolio this year, reinvestment and compounding are doing their work.
Key Holdings Contributing to Dividends:
- REITs (20% of dividend income): Stable commercial and industrial REITs continue to perform well despite interest rate fluctuations.
- Blue-Chip Stocks (70%): Blue-Chip stocks remain reliable dividend payers.
- Mid-Cap Dividend Growers (10%): A smaller portion comes from companies with consistent dividend growth.
2. Covered Call Premiums: $4,203 (YTD)
Selling covered calls on my existing holdings has been a consistent income booster. This strategy works well in sideways or slightly bullish markets, allowing me to generate extra cash flow while holding long-term positions.
Currently, i only hold Nvidia and hence the covered call premiums are 100% from Nvidia.
3. Savings Account Interest: $244 (YTD)
This remains a negligible portion of my income, as I keep minimal cash reserves. I don’t prioritize cash holdings beyond emergency funds.
Portfolio Changes in Q2 2025
The second quarter saw several strategic adjustments to my investment portfolio:
CapitalandInvest Position
I was fortunate to acquire CapitalandInvest shares at what proved to be an exceptionally attractive price during Trump's Independence day. Recognizing the opportunity to lock in substantial gains, I made the decision to exit the position at a favorable price point, realizing meaningful capital appreciation from this investment.
Bitcoin Holdings Reduction
In what I now consider a tactical misstep, I significantly reduced my Bitcoin exposure during the quarter. This decision leaves me with only minimal BTC holdings representing approximately 1% of my total portfolio. In hindsight, maintaining a larger position would have been preferable given subsequent market movements.
Nvidia Options Activity
My Nvidia covered call position was assigned during the quarter. However, I successfully re-established exposure to this key holding through an effective cash-covered put strategy, re-entering at an advantageous price level that maintained my cost discipline.
These adjustments reflect my ongoing efforts to balance opportunistic profit-taking with long-term position management, though the Bitcoin reduction serves as a reminder of the challenges in timing cryptocurrency markets. The Nvidia repositioning demonstrates the flexibility that options strategies can provide in managing core holdings.
Final Thoughts: Staying the Course
While I’m not yet at my ultimate passive income target, the progress is steady. The shift to quarterly updates reflects a more mature, long-term approach—focusing on consistency over hyperactivity.
What’s Next?
- Q3 Update: Will include any portfolio changes, new income experiments, and progress toward goals.
- Long-Term Focus: The journey to financial independence is a marathon, not a sprint.
- Thanks for following along, and I’d love to hear your thoughts or strategies in the comments!
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