Portfolio Review (December 2025)

Review of my Portfolio (31/12/2025)

Total unrealized profit: + 49.6%

YTD performance: + 24.6%

Benchmark S&P500 YTD: +16.65%

Added in December

Goal 1: ( $ 90,118.06 / $ 80,464) ⚔️ Acheived

Growth Portfolio: SMH, META

Dividend Portfolio: U11, YLD, Allspring Global Equity Enhanced Income

Sold in December

BSTZ, United Global Durable Equities, T82U, BUOU, HMN

Portfolio Weightage

Dividend Recieved

Goal 2: ($17,983.90 / $ 17,117) ❤️ Achieved

Dividend recieved in December = $ 1,267.65

NET WORTH 2025 - $1,884,490.27

• Net worth of 42, median salaried worker.
• Total Net worth increased by +SGD 224, 841

Investment Property - $ 373,522 SOLD

• Sold @ $ 1,735 000. 🥳
• The completion date will be in Jan 2026, the exact amount will only known by then, after fees and reimbursement.
• Inclusive of principle, rental, capital appreciation and fee. Estimated Cash + CPF to get back, after 50/50 with spouse = $ 373,522 for about 4 years.
• I am planning to upgrade from a 2 bedder to a 3 bedder condo next year, size matter when come to property investment.

CPF- $ 383,682.37

• According to CPF, the median regrossed balance for age 40 to 45 for 2024 is between $300k and $400k.
• My regrossed balance will be slightly above the median.
• The mandatory contribution of CPF-MA for platform worker this year have also accelerated my MA to reach BHS. Resulting my MA contribution from my full time job to flowed to SA. But if given a choice, I will still prefer to have cash instead of contributing to CPF. 😂
• If I transfer my OA to SA, I would have hit FRS. But I will never do it. 😂
• Despite of all the Nay-sayers, Sg properties still have a better upside and liquidity compare to CPF. I will use my OA for the downpayment.

CASH- $ 101,597.49

• My cash balance seems to be depleting every year. I plan to gradually increase it to about $150k over the next few years.
• This will serve as a first line of defense during periods when there is no rental income to cover the mortgage, before I tap into my CPF OA.
• I want to use cash to pay the mortgage not because I’m concerned about the OA’s 2.5% p.a. return, but to prevent accrued interest from building up and to ensure that, when I sell the property, a large portion of the proceeds will come back to me in cash.
• I am definitely not going to use VHR to reduce the accured interest, this will "trap" my cash. Staying liquid is the priority.

SSB/SRS- $ 99,000

• Not adding anymore due to lower interest rate. ~2.36% p.a.

INVESTMENT PORTFOLIO- $ 837,802.40

• The bull is strong. 🐂

INSURANCE PLAN- $ 88,886.01

• The surrender value of my ILPs:
• Singlife = $26,056.62
• Manulife= $40,587.67
• Great Easten= $22,241.72

Financial Roadmap for the Next 8 years or Maybe 3 Years?

• Reached $1M in liquid assets ahead of schedule—three years earlier than my original 2028 target.
• I foresee reaching my $1M equity portfolio within the next two years.
• I have just updated two more milestones, in case I can "tahan" until 50 instead of 45.
• These numbers are based on my calculations and represent the most likely outcome, assuming I maintain my current accumulation pace.
• Since my equity portfolio will be the main source of retirement funding, I have excluded CPF and investment property, which will serve as extra bonuses.

2026 Resolution

• Achieved both my 2025 goals
• I plan to maintain a minimum 10% annual growth in my capital injection rate.
• The sharp increase in dividends this year was largely driven by one-off special dividends from the banks, which I do not expect to repeat next year.
• As such, I am setting a more realistic dividend growth target of $3,500, consistent with my historical pace.
• To improve the quality and sustainability of my dividend income, I will continue reallocating capital from more cyclical and higher-risk REITs into the banking sector, which offers stronger balance sheets, better earnings visibility, and more resilient dividends across cycles.
• On the fund side, I have switched from the UOB Durable Equities Fund to the Allspring fund, primarily due to its slightly lower expense ratio, improving long-term net returns without materially changing my income profile.
• Finally, I will stop adding new capital to the unit trust, though I have no intention to sell it at this stage.
• It continues to serve a useful role as a “cashflow engine”, providing steady monthly income that partially funds my DCA, allowing me to maintain discipline and consistency in my investment process.

Target by End of 2026

New capital Injection: $99,130

Dividend Recieve: $21,484