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π€ May 2024 Passive Income Update π
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Current Month Actual Income: S$3,714 π°
12-Month Average Monthly Trend: S$2,990 π
Milestone: Celebrating my 1st anniversary since I first reported my passive income in May 2023! This 12-month average spans from June 2023 to May 2024. π
In May, the majority of my passive income still comes from three main sources, each contributing over 20%.
Highlights include:
πΉ Promotional gains from a 6.8%* p.a. guaranteed return with Moomoo Cash Plus πΌ (approx. S$988).
πΉ Bank interest from HSBC Everyday Global Account bonus interest, thanks to the Feb '24 Campaign, combined with the final 5.0% p.a. interest credit from UOB One Account.
πΉ Money Market Funds (MMF) remain the largest contributor. I'm regularly reallocating funds from MMF into equities to diversify my investments.
Stay tuned for my June 2024 update on my cash savings strategy over on my YouTube channel, @HoneyMoneySG π―. Dive in to learn more about my passive income strategies! πΌβ¨
