Adulting starts. ~$2.2k Monthly Household Bills, Referral Codes (MyRepublic, Sembcorp, Circles Life) and $7k top-up to SA

My official adulting started when I moved into my own crib.

Older folks will probably laugh at the Millennials. Yes, I won't dispute the fact that we have been well pampered by our parents. I know very well that despite not growing up in a middle-income family, my mum has spoilt us by doing practically everything for us. For that, I'm super grateful.

So, with the move to my new home comes new responsibilities in the new year. Honestly, it hasn't been that bad living an independent life. Sure I dont get breakfast or hot meals prepared at every meal time, nor things get magically cleaned, I am getting used to this life. I guess that's because I'm not a stickler for super clean house (I can live with organised mess lol and have yet to unpack all my items HAHA), and I have modern gadgets to save my life, such as:
robot cleaner to clean the floor everydayfiltered water so there's no need to boil waterinstant hot waterwashing machine that's on when we reach full …

Mid-year review: Goal met of $200k cash at 28. $400k+ net worth and Astrea bond V

Half a year gone.

I still have not gotten my keys to my new home and am still childless. Ok, TMI.

On financial front, I've been seeing a steady increase in my net worth. As at my last update in end 2018, my net worth was at $372k.

Half a year later, I've successfully crossed $200k cash savings (previously it dropped as I topped up my MA) and exceeded $400k in networth. I may be able to hit $450k by end year but will just need to carve out some money for renovation and home stuff.

Most gains came from employment. While I lament how sick I am of work, it is my main source of $. I've not added any stocks and can never not live off my portfolio for passive income. It is with salary crediting that I've received 1.85-2% interest on my DBS multiplier anyway.

I've been thinking if I'm making my money work hard enough. I occasionally browse the SGX hoping to see some stocks to purchase, but am not comfortable enough to make the move.

Since Jan till date, my transactions include:
  • SSB Jan 2019 bond at 2.2% for $10k
  • CIMB FD 1.7% for 6 months for $15k. Better than leaving it there for 1% interest
  • Etiqa 2.02% endowment for $5k which I shared here and here.
  • Top up $7k cash in early Jun to my SA account for tax relief. Did the same for my hub too.
  • My latest transaction was today - to ballot Astrea bond V with $10,000. Applied $20,000 on behalf of my hubby as well since he doesn't do anything with his money except leaving it in CIMB. My previous Astrea IV is doing pretty well. As of today, it is trading at $1.068 but I'll prob leave it till maturity. 
Nothing exciting so far but I'm contended with this simple life.

Comments

  1. Stumbled upon your blog. This is rather impressive, great work!

    Just to point out that although Astrea IV is a fund of PE funds, those are bonds (more like lehman minibonds but still "bonds"), just like your SSB (I assume as I don't remember seeing a SGS issue for Jan), perhaps would be good to put them under Investments instead of Stocks?

    ReplyDelete
    Replies
    1. Thanks for your sharing! Have amended it to SSB.

      Ah, I parked SSB as FDs in my pie chart and Astrea Bonds under stocks. Will consider revising :)

      Delete
    2. Welcome :) Yea probably just Investments as bonds are bonds, not stocks/equity.

      Delete
  2. Looks like your goal for a flat by 28 will take a big bite out of your cash flow.

    ReplyDelete
    Replies
    1. Yes! Oh well, good thing is I'm pretty ready for it haha

      Delete
  3. Wow, your salary must be pretty high to achieve such a buffer ! Nevertheless, your portfolio inspires me to save more haha :)

    ReplyDelete
    Replies
    1. Hi Wei Jie, sorry for missing out your comment. I started off with a $3k fresh grad salary like most people; I'm sure the younger chaps are starting off with much higher starting salaries already. I'm a huge saver, not an investor, so I'm sure many can achieve better :)

      Delete

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