- 2019 passive income: RM27,942
- 2020 passive income: RM29,976
- 2021 passive income: RM36,163
- 2022 passive income: RM49,226
Time flies and it’s time to say goodbye to 2022. 2022 feels like a rough year for economics, but really the world has never actually gone through a year without ups and downs, this is just the way it is. Passive income I achieved in 2022 exceeded my target set at the end of 2021, mainly because of higher than expected dividends from few companies in Q4. With this high base effect, continuing to have a decent growth on my 2023’s passive income would be challenging. Nevertheless, I still have 6 years to achieve my target of having at least RM100,000 of passive income at the age of 40. I don’t want to buy stocks at wrong timing just to achieve target set for the year, I feel I won’t be too far off as long as I’m heading in the correct direction.
Looking back at the investments made in 2022, I’m not completely satisfied but I would give myself a pass. There were some opportunities that I missed out, also I was too cautious when investing at some timings which were later proven as some of the best timing to enter stock market in 2022. Having say that, 2022 was definitely a bad year for stock market, but I still managed to make some profits so I guess I can’t be too harsh on myself. Coming into 2023, companies doing export businesses would no longer have the forex advantage. At this point of time I hope the finance sector that no longer need to pay prosperity tax and some REITs that would benefit from recovery of economy, could give a boost to my passive income growth. Meanwhile, will keep doing homework to look for good dividend stocks in other sectors that have growth potential.
In my personal life, I seldom involve in sports that are too intense, but rather doing exercises like running, cycling and swimming. Sometimes I feel investment style is correlated to one’s personality. Dividend investing is like running, everyone’s speed could be different, but keep it going, reaching the destination is just a matter of time.