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

So August has came and gone now. And wow we are in September now, with only 4 more months left in 2020. Time really flies and its as if 2020 never really happened.

August has been another relatively slow month in terms of our day to day lifestyle for both Mrs Budget and myself. Nothing much we can shout about.

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: Fastly, Crowdstrike, Syfe
Take Profit: N/A

Mrs Budget
Position Added: Fastly, Crowdstrike, Syfe
Take Profit: N/A

For August, as mentioned in our previous update, Mr and Mrs Budget initiated a position in Fastly and Crowdstrike, both in what we believe to be future proof industries, with both counters currently in strong position for growth.

We have also continued to contribute to our roboadvisor Syfe this month.

As we have also updated recently on our monthly thoughts, we are now moving our budget allocation more towards building our US portfolio. Hence, we will be adding more US counters over the next few months.

US tech stocks continue to hit all time highs and since we are having a long term view, most likely and hopefully we will benefit from holding US tech stocks.

We did not find any interesting opportunities in the Singapore market, and decided to stay on the side line, and only continued our monthly DCA to Syfe REIT+ to continue accumulating some quality Singapore REITs.

Net Worth Updates

Our net worth continue to grow this month. For this month, it is due to the continued increase in US stock value, as well as the salary income.

Our combined net worth is now at S$778,000, including CPF but excluding our property and mortgage. This is up from S$743,000 last month, a change of +S$35,000. 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 the US stock market continued to hit their all time high. US stock probably attributed to half of the net worth gain this month.

Market is getting a little out of hand now hence we are starting to think if we should take some profits off the table to derisk a bit. Our current equity exposure is at S$310,000 now, almost half of our net worth including our CPF.

However, the last time we took profit during covid, we ended up regreting them (selling SE at USD37 and now its at USD155, and selling Amazon at USD1700 and now its at USD3300). Will have to think deeper about this over the next few weeks.

Malaysia Condo Updates

About 3 years ago, slightly before meeting Mrs Budget, Mr Budget made a decision to buy a condo in Malaysia.

The rationale was that, as Mr Budget was still single and is already reaching 30 years old, he should start to own an asset in his life. The chinese mentality is that you should at least afford a property in your life.

Lobby of the condo

Hence, Mr Budget bought a condo in KL for investment purpose, as he will not be eligible for a HDB since he is not a Singaporean.

Fast forward to today, the condo is done and with that, another set of expenditure will appear on his cash flow. Currently, the keys are collected and defect checks are commencing. After that, Mr Budget will need to allocation about RM35,000 or S$12,000 for renovation expenses.

The condo is a slight upper end condo and while I have not been there yet due to covid travel restriction, the photos i received looked fantastic.

With a monthly mortgage of around RM4500, hopefully we can get a rental of RM4000 from the market for the rental unit. While it is a negative monthly cashflow, we will treat it as a “forced savings”and hopefully after 5 – 10 years we can sell the property off.

Hopefully this will not be a bad financial decision for me as i did not do much research when the decision to purchase was made 3 years ago.

I will perhaps dedicate another article on this.

War Chest Updates And Watchlist

With the various transactions, here’s an update on our war chest:

Mr Budget War ChestS$85,000
Mrs Budget War ChestS$33,000
Mrs Budget Home Loan War Chest (pending)S$70,000

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. Fastly (Bought)
  11. Crowdstrike (Bought)
  12. SE (to average up)
  13. Nvidia (to average up)

As we continue to accumulate our stocks, we realized that the number of counters we are holding are growing slightly more than we ideally want to. For the next few months, we may also be averaging up on our existing US holdings, especially the ones in our coffee can portfolio, as well as the ones which we bought S$4000 – S$6000 of initial positions on.

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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