#PASSIVE INCOME 2021 PROFESSIONAL#

Besides, you’ll be paid biannually and a professional fund manager will take care of your investment. Real Estate Investment Trusts (REITs) are a reliable source of rental income because they share more than 90% of their yearly income to unitholders.ETFs also have the advantage of being less fickle. You can also consider Exchange Traded Funds (ETFs) if you’re too busy to look into individual stocks. You can buy stocks in big companies with recognised brand names, which have steady increases. As the saying goes, a small step goes a long way! Remember that bond prices increase when interest rates increase. These may not bring you a huge profit, but they’re not volatile. If you want to minimise your risk, consider the Singapore Saving Bonds or other types of government bonds.Investing is a good way to make passive income, especially if you know what to choose.

We’ll tell you all about the best opportunities so that your passive income can help you achieve financial independence. Lucky for you, we’re here to prevent that. Poor investments, on the other hand, will never bring you profit even if you’re doing everything right. While side jobs can also afford us with quite a steady flow of income, having a source of passive income can be benefitial in the long run as minimal effort is required. However, some of these solutions require good planning abilities and time until the cash flow starts rolling. The advantage of a passive income source is a minimal effort in the long-term. How Can I Earn Passive Income In Singapore? Luckily, there are plenty of ways to reach that dream today. If you’re like most Singaporeans, a passive income may be your dream-come-true.

Having an additional source of income can come in extremely handy during such unprecedented times. Being able to generate passive income is always a great idea! This is especially so during the COVID-19 pandemic where job losses and pay cuts have become the norm.

Passive income 2021