The blog update will done at the end of every quarter. The focus of my financial journey is to accumulate cash generating assets that will grow in value and cut down on liabilities, which eventually results in a higher networth.
NETWORTH
There is a slight 1.39% increase since the last quarter. The contribution mainly came from my income from work. The increment is almost insignificant. I haven’t been taking up any side gigs at all last quarter and also took up a small personal loan, just because interest rate is so low.
EXPENSES
I spent a bit more in Q3 than in Q2. The money mainly went to donation and the buying of some sports equipment. There was a tightening of measures in Singapore known as Heightened Alert as Covid case counts were rising. Hence, I bought the equipment to work out at home instead. There is zero intention to cut back on expenditure relentlessly. I think it is perfectly alright to spend, to spend on the right things.
INVESTING
Any extra available cash are all pumped into my US brokerage account. I would like to take more more concentrated positions, hopefully deploying 10-15% into each stock position. And this would require me to use more time and effort to do my studies and analysis. I am currently only using 2 Robos now – Syfe (cash) and Endowus (CPF OA).
Syfe Core Equity 100 all time Time Weighted Return: 22.77% (started in 15 July 2020)
Endowus Fund Smart all time Time Weighted Return: 3.03% (started in 30 April 2021)
FINAL THOUGHTS
Debt/Networth Ratio: 8.81%
Investment/Networth Ratio: 59.47%
Networth Qtr On Year Qtr: +1.39%
The Debt/Networth Ratio went up from 1.72% to 8.81%, I would like to take up even more debt if there is any cheap debt available as the interest rate is just so low right now.
Investment/Networth Ratio went near 60%, and I would like this ratio to be even higher. Pumping in extra cash would definitely help. The main point is still to accumulate more cash generating assets. The main asset class I am focused on right now is Equity/Stock. Property is out as it requires huge capital outlay and is too illiquid for my liking.
To end off, it is important to live an enjoyable life. Money is a tool and not the goal. It is supposed to help us like the kind of life we would like to have (to the best of our ability).
Thanks for reading.
Disclaimer: www.engboonhow.com is an opinion based website. I am not a financial advisor, and the opinions on this site should not be considered as financial advice.