OPINIONS

Portfolio Review (December 2024)

Portfolio Review (Goal Setting 2025)

1M45

Edited 31 Dec 2024

Review of my Portfolio (31/12/2024)

Total unrealized profit: +24.7 %

YTD performance: + 20.4 %

Added in December

Goal 1: ( $ 73,149.27 / $ 81,594) ⚔️ Missed

Growth Portfolio: SMH

Dividend Portfolio: AJBU, United Global Durable Equities

Portfolio Weightage

Dividend Recieved

Goal 2: ($ 13,616.53 / $ 14,212) ❤️ Missed

Dividend recieved in December = $ 965.17

Net Worth 2024 - $ 1,659,649.22

Net worth of a married, median salaried worker at 41.
Total net worth increased by +SGD$ 363,528

Investment Property - $ 411,456.18

This is an asset class that require a supportive spouse, it will be very challenging for single.
Married a correct person then wealth building process will accelerate. "Huat!" together.
Based on the propertyguru App, my current resale property is value at approximately $1.7M, ~7.6% p.a.
Value - Outstanding loan / 2 = 1,794,000 - 971,087.65 / 2 = $ 411,456.18
My investnent property will be reaching the minimum 3 years holding period next year. Planning to cash out and reinvest into a new launch 3 bed condo in 2025 Q2.

CPF / CPFIS- $ 323, 710.24

CPF = $ 243,572.72
CPFIS = $ 80,137.52
CPFOA serve 2 function: buy property and retirement.
The opportunity cost of using CPFOA is 2.5% p.a.
We can either use CPFOA to invest in stock market or property.
The difference is profit from property can be cash out while the profit from stocks will be locked in CPF until 55.

Cash- $ 12,4684.09

Always prepared for Armageddon. 😂
6 to 7 years of emergency fund, if l lose my job.

SSB / T-Bill / SRS- $ 94,000

When looking at total interest, $21k over 10 years really feels like peanut. 🤔
But if SSB interest go above 3% again, i will still buy. 😂

Investment Portfolio- $ 627, 107.64

The bull is strong this year. 🐂

Insurance Plans- $ 78, 691.07

My financial mistake. 😂
Still need to pay for the Manulife (10 pay 15) plan until 2027, then need to hold to 2032.
The rest are on holidays. Just close my eyes. 🙈

GE ILP = $ 22, 027.62

Singlife endownment= $23, 078.32

Manulife endownment= $33,585.13

Financial Roadmap for the Next 9 years or maybe 4 years?

Initially, I planned to coast through my job until I was 50, i thought i can take my own sweet time 😂.
However, it seems increasingly challenging to coast through a stormy sea.
The company has frozen hiring, the workload has increased, and company restructuring is causing a lot of disruption, too much politics.
The effort-reward ratio no longer seems balanced.
I may go barista FIRE at 45, become a full time delivery rider. 自由自在.
The best case scenario will be $3M+ by 45 but I will just target the minimum, $2M, because I know the physical intensity of work to be done. 😂
I will expediate the process.

How probable is my 45 years old Milestone?

$2M Net worth: OK ✅

Conservative Assumption:

Other assets have 0% growth, only rely on investment portfolio.
I am able to continously invest just $70k per year

$2M - $1.6M = $400k
I need a minimum 4% p.a. returns on a $600k investment portfolio in next 4 years to generate that amount.
I would also able to hit my $1M equity portfolio i planned in 2030.

$1M liquid asset: OK ✅

Currently, my liquid assets is worth $900k~ should be able to hit it next year.

$ 30k/ year dividend: Challenging 😅

$30k / 5% = $600k in dividend portfolio. My current dividend portfolio value is only $240k. This will be the most challenging task, is more than 2x my dividend portfolio. I cannot afford to miss my annual target at least for the next 4 years. 🤔

2025 Resolution

Missed my** **2024 target.
I wanted to grow my capital injection rate by double digit, at least 10% next year.
The dividend increment had also dropped, probably due to (1) dividend cut, (2) focus more on dividend growth investing instead of high yield investing and (3) i have not invested enough money.

Target by End of 2025

Dividend Recieved: SGD $ 17,117

New Capital Injection: SGD $ 80,464