What are the different ways of producing passive income available in Singapore? - Seedly
 

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Asked by Anonymous

Asked on 10 Aug 2018

What are the different ways of producing passive income available in Singapore?

I am looking to build my wealth and make money work for me. What are your advice?

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Jonathan Chia Guangrong
Jonathan Chia Guangrong
Level 6. Master
Answered on 11 Aug 2018

There are a couple of ways of going about it.

  1. Consider creating portfolio of REITs and blue chip stocks based in Singapore. For REITS, average dividend yield vary by sector and is about 5%+ upwards.

  1. As Gabriel has mentioned in another comment, you can look at dropshipping. However, this needs some leg work and at least some active monitoring, depending on how you approach it. Not to mention finding someone to guide you along. Few avenues available: Shopify, Ebay, Amazon. Amazon also has their Fulfillment by Amazon (FBA) programme, where you ship stuff to their warehouses in the US and they will handle the sales and shipping / returns aspect for you. For the others mentioned, you will need to handle orders individually plus ordering from suppliers and shipping to the customers.

  1. IF you are feeling adventurous and are not risk adverse, look into the various investment programmes available. Pick one you feel most comfortable with to help you massively build your wealth. I looked into an options portfolio programme almost 2 years ago and am now getting an average of close to 5% per month returns on average year to date.

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Gabriel Lee
Gabriel Lee
Level 6. Master
Answered on 10 Aug 2018

Hi, you can consider investing using robo advisors or P2P lending. Alternatively, affiliate marketing, e.g. Qoo10's curator programme, as well as dropshipping

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