All 4 pillars of passive incomes activated

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 Hi everyone, 

My Greatlink funds was successfully funded. Off hand, the funds took 3% as bid offer spread off my total deposits. Every deposits will ended up having this charges. I would still have to pay another 1.5% fund charges and 0.22% custodian fees to the fund managers. It is really expensive for our retirement. Despite of the charges, I would still think that it is worth it to pay the charges than to invest on my own only for the charges to be cheap but I am losing 80% of my tiny net-worth over some investment mistakes. 

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SYFE is giving me another set of headache. Whenever I deposit my fund, it would take a week to execute the buy. Tracking if the fund reached and if the trade had been executed is painful. It is not great to see that there are still a component in cash that is pending execution. I am contemplating whether to do weekly new fund transfer or to do a monthly one. Right now, I will prefer to do a weekly fund transfer than a monthly transfer in view of the slow execution.

 


3 out of 4 pillars are up. The 4th pillar will take 16 years to bear fruits which is okay as long as the three other pillars are running smoothly. From the way it had been setup, the three other pillars would receive the monthly payout and get reinvested almost immediately.  I am suppose to be the passive investors but due to the minimum deposit to be place for the two Great Link funds to be at least $1,000 dollar in each placement. As Syfe is my robo advisory investment, I would need to portion everything to ensure that I could maximise the total amount to be invested in all the three pillars of incomes that are starting to bring in money for me.

I am not comfortable in standing on my 3 legs with the 4th one growing. With the 3 other legs in place and monthly investment being put into the account, I will wait.

My agent informed me that my first payout of my Multi-Industry Fund was out. I did a check and indeed it was out. The dividend was sweet. It was slightly more than I was expecting. Good. This would speed up my journey and motivate me to save more and invest more.

P.s. Not a financial advice. Please treat this as the rambling of an middle age uncle.



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