New year, new quarter, let’s go.
Yep, total alternative income came up to SGD $7,879. Unfortunately, I still made most of my alt income from crypto. These only included amounts that I have cashed out to my bank.
Crypto
This will most likely just be a one time occurrence. I cashed out 70% of my $ARB airdrop, which is basically free money for using the Arbitrum network. This is also the first time that I got a 4 digit airdrop, so I am very happy about it.
Bot Trading
I have been using a Grid trading bot for the past 6 months. And this quarter, I have made quite a lot of profit just from grid trading alone. This is also partly because the crypto market has been up since the all time low last year. I have basically been stacking my ETH using the profits from grid trading. You can read about how I’m stacking ETH in Jan and Feb.
USD FD/Bank Interest
Because of the high interest rate environment, I have been parking my idle USD in DBS’s USD FD. They are yielding between 3-4%-ish. And of course my cash in my bank account.
Ad Revenue
Income from this has unfortunately been on the downtrend. I haven’t been blogging as much as I should be. Partly because I have been more busy with work now. More on that in another post.
Bonds
Last but not least, income from my SSB. I have been buying bonds since last year to build up my income portfolio. I thought I would at least get some dividend from my REITs and Bank stocks, but I think they don’t distribute in Q1. I should see more income from them in Q2.
All in all, I think Q1 2023 has been a fantastic quarter for my alt income. Will I be able to maintain this next quarter? Honestly, I have no idea. But I’ll keep trying.
