Earlier this week, Mr Budget was relooking into his long term financial goals again. While we had previously set a goal to have S$10,000 monthly passive income by 2033 (45 years old), we will need to relook at the figure again since we have shifted our strategy from dividend investing to growth investing. Previously, assuming …
Continue reading What Does It Take To Hit S$5,000,000 By Age 45
Earlier today, OCBC has announced that they are lowering their interest rates for their savings account, marking the fourth round of revision since May last year. Of course, other than OCBC, other banks have also lowered their interest rates over the past few months as global interest rates continue to remain low. For OCBC, starting …
Continue reading Random Ramblings On Lowered Bank Interest Rate
As the year come to a close, its time for us to do our annual reconciliation and look at how we did financially this year, and then chart down some actionables for us for the new year. The new year is just next week! Mr Budget's Net Worth Grew 89% From 2019 For Mr Budget, …
Over the past few weeks, we were consuming even more content around the US market and we thought we wanted to share more about what we learnt and how that is shaping our capital allocation moving forward. The main content we were consuming were those by Ark Invest's Cathie Wood. We can only say we …
Continue reading Ark Greatly Affects Our Strategy – Here’s How We Are Investing Moving Forward
Earlier last week, Mr Budget made a stupid mistake which we thought we wanted to share more here. As we have previously mentioned, we are actively looking to sell off our Singapore shares to fund our increased appetite (a better way of saying "greed" haha) for US stocks. Hence during the recent rebound of the …
Continue reading We Committed Our First Short Selling Mistake!
Hi everyone, earlier today, both Mrs Budget and I have made a few transactions and we wanted to share some of them here. First, we redeemed our Singapore Savings Bond which we purchased 2 years ago. When we bought the bonds, we had the intention of keeping it until maturity 10 years later, with an …
Continue reading Why We Redeemed Our SSB and Sold Our DBS Shares
Over the past few weeks, we have been consuming more and more content surrounding the US market. And through that too, we finally caught up with the ARK fund and all the hype around it. Prior to this, we have heard of them, but did not really pay attention to why they were so popular. …
Continue reading The Market Is Extremely Greedy Now – Signs Of Caution?
Earlier this week, one reader dropped us a comment in our previous post asking us what caused us to move our holdings from Singapore stocks to US growth stocks, and we thought we wanted to share more about our thinkings behind it. We have probably mentioned this a few times since August that we are …
In September, the S&P 500 index retraced back to its August levels, but has since recovered most of the correction and looks to continue climbing upwards. As of today, the index is at 3477, and is just inches away to hitting its all time high at 3580. One of the previous misconceptions that I have …
Continue reading Our Misconception About The S&P500 And The Local Economy
Over the past few weeks, Mr Budget’s US equity portfolio has swelled from S$80,000 end of last month to now over S$100,000, hence hitting a new milestone in his investment journey! Most of the gains are due to gains from his existing counters, which are continuing to hit their all time high. We only made …
Mr And Mrs Budget 