So July has came and gone now. And we are moving deeper into the second part of 2020, with only 5 more months left in 2020.
For the whole of July, both Mrs Budget and myself had been mostly staying at home due to the circuit breaker. We have also started to head out a bit more to take part in social activities with our friends and family.
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.
Position Added: Tesla, Syfe
Take Profit: N/A
Position Added: Syfe
Take Profit: N/A
For July, as mentioned in our previous update, Mr Budget initiated a speculative position on Tesla, being late in the party for the fast rising counter.
We have also continued to contribute to our roboadvisor Syfe this month.
In June and July, we have been tracking the price movements over the last few weeks, and what we’ve noticed is that the market is moving sideways now, and the bulls seems to be losing momentum.
We did not find any interesting opportunities and decided to stay on the side line, and only continued to contribute to our robo advisor.
Net Worth Updates
Our net worth continue to grow this month, mostly due to contribution from our salary.
Our combined net worth is now at S$743,000, including CPF but excluding our property and mortgage. This is up from S$718,000 last month, a change of +S$25,000. We should be able to reach our short term 2021 goal of having a S$800,000 joint net worth.
The growth rate these past few months is quite high as we have lowered our spending significantly, and Mr Budget’s Malaysia mortgages are halted.
However, these mortgage payment in Malaysia will continue soon as Mr Budget has received confirmation that the condo is now done and renovation will soon commence.
We are also mindful that our exposure to the equity market is at S$300,000.
War Chest Updates And Watchlist
With the various transactions, here’s an update on our war chest:
|Mr Budget War Chest||S$90,000|
|Mrs Budget War Chest||S$40,000|
|Mrs Budget Home Loan War Chest (pending)||S$70,000|
As our war chest has been increasing, and our cash position % is getting slightly larger than what we would ideally like, hopefully we are able to deploy our war chest soon. Counters on our watch list:
- Ascendas REIT
- Keppel DC REIT
- IREIT Global
- Fastly (NEW)
We’ve added Fastly into our wishlist as a speculative counter, and may initiate a small speculative position if any opportunity arise. Other than that, July has been a relatively quiet month for us, and we foresee August to be an equally muted month as well in terms of market activity.
Stay safe everyone, and happy hunting! We’d be happy to also hear your recent purchases too so that we can keep an eye on them too.
- What Have We Done This Month Towards Our Financial Goals – October 2019
- What Have We Done This Month Towards Our Financial Goals – November 2019
- What Have We Done This Month Towards Our Financial Goals – January 2020
- What Have We Done This Month Towards Our Financial Goals – February 2020
- What Have We Done This Month Towards Our Financial Goals – March 2020
- What Have We Done This Month Towards Our Financial Goals – April 2020
- What Have We Done This Month Towards Our Financial Goals – May 2020
- What Have We Done This Month Towards Our Financial Goals – June 2020
Looking to invest via Syfe? You can use our referral code: SRP6X8B8Y when you create an account.
We would both get $10 to $100 depending on your first deposit amount, and you’d receive your bonus within 5 business days.
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