We always talk about retirement in Singapore and the projected expenses that we need to reach financial freedom. I set out on my journey with a target of having a passive income of S$3000 per month by the time I am 40 to cope with the rising cost of living in Singapore and possible inflation of my standard of living.
Now that I am 28 officially, my goals still stand with similar projections.
Sounds easy? Of course not. That 600-odd thousand amount is the amount of money I have to have in my investment instruments ALONE. All the money I have in my CPF or emergency funds, or even war chest to be specific enough should not count in that amount.
Based on those numbers, I also have to pump in S$30,000 of fresh funds per year. That is not a small amount at all, and barely leaving me any other money for additional savings or other purposes.
Will I be upset or elated over my experiences? Somehow, I feel that self-fulfillment has been something that I’ve always struggled with. Since young, I’ve been taught to be competitive and aim for higher achievements (e.g. getting better results when I’ve already gotten 85/100 for a test), but when will I ever find the silver lining? It is probably something deeper inside me that I have to deal with.
So 11.11 happened over the weekend and usually I’ll be stuck in front of my PC trying to find good deals. For this year though, I didn’t buy a single thing nor went to any website to look for something, for the sake of buying something. It just felt like I didn’t need anything, and I am thinking if it’s related to my minimalistic approach to stuff now.
The cycle goes something like this. The less I purchase, the more I know what I need, and I can be selective with my money. And being a natural cheapskate towards myself, it is easy to say “no” when it comes to unnecessary evil.
In fact, I don’t even shop all that more when I’m overseas.
So I’ve been kind of going through a rough patch in my life recently, and was pretty inactive in the blogosphere for the last month. I think it was kinda reflected in my previous post that I wasn’t really okay, but I guess… that it’s okay not to be okay sometimes! Life isn’t supposed to be as picturesque as how everyone paints it to me, and I would very much rather my blog show not only the good, but also the bad experiences that I go through.
Which is why I always blog about my failures, and constantly thinking about ways on how to be a better investor, and thus a better blogger – hopefully. 🙂
Two more months before the year comes to an end, and I’ll officially be 28. I try to keep my blog posts mostly related to my investment journey, but there’s always some random (and more personal) stuff that goes on in my life which is still pretty blog worthy, so I talk about them to express myself. And perhaps allow my rantings in my writings to come through to others who are feeling the same way.
With AEM as the newest addition to my portfolio from the beginning of August, things have gotten quite… volatile.
Time weighted return (YTD): -4.11% against STI ETF of -2.88%
XIRR (YTD): -5.92%
It was not surprising that my portfolio dipped again towards the end of the month as the prices of Valuetronics and AEM mostly reduced back closer to their intrinsic values, and my buying prices.
This month has also been rather nice on the collection on dividends with most of the companies announcing their earnings for the 2nd quarter of the fiscal year. Just this month alone, almost half of our portfolio went XD. These stocks are namely: Continue reading “August 2018 – Portfolio Updates”
I have added some stocks that are in the electronics sector recently in my portfolio, namely Valuetronics and AEM. When I bought them, it was when Mr Market was very unhappy and beaten down their stocks badly.
Needless to say, since I can’t predict how things will turn out, the price of both stocks have also decreased by double percentage points in my portfolio after I bought them. Yet amazingly, within just three days, both have also risen up to be green currently.