Sunday, 8 June 2014

Net Worth Update (May 2014) - $100,000 Milestone !!

Current Net Worth
Assets
Apr-14
May-14
Change
% change
Savings Account 1
$7,081.85
$2,400.93
($4,680.92)
-66.10
Savings Account 2
$2,185.46
$2,165.46
($20.00)
-0.92
Savings Account 3
$39,440.36
$41,367.34
$1,926.98
4.89
Stock Holdings
$9,860.00
$10,915.00
$1,055.00
10.70
Phillip Money Market Fund
$40,105.56
$45,121.11
$5,015.55
12.51
Physical cash
$1,000.00
$1,000.00
$0.00
0.00
Market Value Of BTO Flat (to be built in 2016/2017)
$750,000.00
$750,000.00
$0.00

Total Assets
$849,673.23
$852,969.84
$3,296.61
0.39





Liabilities




Home Loan
$617,500
$617,500
$0.00
0.00





*Net Worth (including flat to be built in 2016/2017)
$232,173.23
$235,469.84
$3,296.61
1.42
Investible Net Worth
$99,673.23
$102,969.84
$3,296.61
3.31

Highlights

  • Completed the CFA Level 2 examination yesterday. I have been studying on weekday nights after work for the past one month as I could only get 3 days of leave to study.
  • Significant increase in value of stock holdings due to the substantial rise in my Singpost shares
  • Settled down at my new job and got my first "new" salary at the end of last month

8 comments:

  1. Congratulation on getting d level 2 done. Im sure u'll do great! More importantly, awesome achievement on breaking that 100k milestone. The first one is always the hardest but u sure made it look easy. Ur determination inspires me to achieve greater things in life. I should hit that 100k milesestone of cash & cash equivalent by Feb next year if everything goes to plan. Thank you and keep writing!

    Shoutout from KL. ;-)

    ReplyDelete
  2. Thank you for sharing. I think this is a great idea that I will follow. Having a monthly update of net worth/cash will be helpful to staying disciplined.

    I am curious though, what kind of BTO cost $750k?? The mature BTO estates 5 room starts at $400k.

    ReplyDelete
    Replies
    1. Hi Joy,

      That is the market price of surrounding flats. I bought mine at $600k+

      Cheers!

      Delete
  3. how come you have so little $ working for you in the stock market?
    10k in stocks but 40k in savings account 3 and 45k in money market funds
    don't you feel that the returns are too low by holding cash?

    ReplyDelete
    Replies
    1. Hi Felix,

      My house and wedding are coming in about 2 years. So I need to be liquid and can't afford a market crash.

      Cheers!

      Delete
  4. actually net worth shd not include primary residence

    ReplyDelete
    Replies
    1. Net worth should include primary residence. Investible net worth should not.

      Delete

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