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

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.

Portfolio Transactions

Mr Budget
Position Added: Tesla, Syfe
Take Profit: N/A

Mrs Budget
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 ChestS$90,000
Mrs Budget War ChestS$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:

  1. Ascendas REIT
  2. Keppel DC REIT
  3. IREIT Global
  4. SGX
  5. DBS
  6. Mastercard
  7. Adobe
  8. Amazon
  9. Square
  10. Tesla (Bought)
  11. 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.

Monthly Tracking

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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6 thoughts on “What Have We Done This Month Towards Our Financial Goals – July 2020

  1. LateBloomer

    Really impressed that you guys can consistently increase your combined net worth by $20+K per month, especially during these times. If this is predominantly due to your salaries, then you guys must be getting paid pretty well.

    $57K more to the $800K part. If all goes well, you guys should hit it by Oct, way before your 2021 milestone. Ganbatte!

    Like

    1. Mr Budget

      Hi LateBloomer!

      Yeap we were pleasantly surprised as well. For this month, the increment were mostly contributed by a high income and low expenditure. We are fortunate enough to be employed by good companies that did not cut our pay and even gave some bonus. So these probably contributed to the increase in salary this month.

      On top of that, Mr Budget’s US equity also went up by a bit to lift the overall portfolio value as compared to last month. And the usual mortgage payment was halted due to covid 19. When that resumes in the next few months that will reduce our monthly cash flow.

      Hence the increase in joint net worth was a factor of a slight higher income + lowered spending as well as increment in the portfolio. 🙂

      Like

    2. What target prices are you hoping to get Ascendas and Keppel DC at? I wanted to add to my Ascendas position in March because it hit the same level as I first acquired it in 2016 but it ran away again!

      Like

      1. Mr Budget

        Hello!

        Tbh we are ”adding” in these reits via our Syfe reit+ monthly dca already. For the individual counter purchase on our end, S$3 for AREIT and S$2.5 for Keppel DC, and even at those prices its still at a rich valuation. So we are staying at the sideline for now and probably looking more at US counters this month. 🙂

        Like

  2. Heng Hou Ching

    Hi Mr Budget

    For A-reit and Keppel DC reit, the chances of them hitting $3 and $2.50 are quite slim unless something major happens.

    Will you be open to the idea of buying a smaller portion at current price? In this way, if the reit price goes up, you gain. if it drops you can buy more.

    My concern here is this 2 reits are solid reits so by waiting you may just miss the boat completely.

    Like

    1. Mr Budget

      Hi Hou Ching!

      Thanks for your suggestion! Yes we are actually “buying” them monthly through our Syfe REIT+ portfolio.

      Under our Syfe REIT+, AREIT is like 12% of the portfolio and Keppel DC takes up 9% of it.

      Singapore’s market is lacking in momentum now and hopefully the market provides some opportunity for us to go in. 🙂

      Like

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