What Have We Done This Month Towards Our Financial Goals – January 2020

So January has came and gone now.

While everyone else is doing a monthly portfolio update, we thought it is more meaningful to document what we have done this month towards our financial goals.

Mr Budget
Position Added: MNACT, Syfe, CPF SA Take Profit: N/A
Mrs Budget
Position Added: N/A Take Profit: N/A

Here’s a graphical representation of what we have done this month towards our financial goals:

Earlier this month prior to the Wuhan virus outbreak, Mr Budget initiated a position on Mapletree NAC Trust as the Hong Kong protest seems to be recovering, and the trust price seems to be attractive enough to warrant a position,

However, the price dropped further after the virus outbreak, hence it is in the red now. We are not too worried about it as the trust has a strong sponsor and we foresee the price to recover in the future.

As shared in our previous update too, Mr Budget contributed S$7,000 to CPF SA for FY 2020 to leverage on the higher interest rate returns. He also started a monthly investment plan with Roboadvisor Syfe. 

For Mrs Budget, there is not much changes this month. However, she will also be contributing to her CPF SA in the next few days when we do our monthly finance reconciliation. 

Our net worth continue to grow and excluding our properties, we are hitting S$560,000 in net worth (including CPF). Our net worth increases by a fair bit as we received some bonus from our employers end last year, along with the corresponding contribution to our CPF accounts.

Our targetted joint net worth which we set for ourselves by end of next year is S$800,000, and it seems like we may need to revise the target since we will have more property mortgage commitment in the net 24 months. To hit S$800,000 of joint net worth, we will each need to grow our net worth by S$60,000 this year and next year. Let’s see if we are able to do that. 🙂 

For now, the Wuhan virus outbreak seems to be getting worse every day, and things will be worse before they get any better. We probably won’t be doing anything much next month, and will start to look at some counters in Singapore and Hong Kong once things have stabilise a bit.

In the meantime, stay safe everyone!

Monthly Tracking

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