This is the second year into my financial investing journey and I think this blog has taken more of a financial planning tone rather than a purist investment blog. I also think that my blog can take on a more structured format, though I will be thinking about how to improve on this
Investment Income for 2018
- Portfolio dividend income: SGD 1,793
- Fixed income coupon: SGD 87
- Equities: SGD 14,578
- Bonds: SGD 5,500
- CPF-MA: SGD 7,000
- House: SGD 15,000
For this year, I decided to park a proportion of money into fixed income as a form of diversification. I subscribed to some Astrea IV bonds as well as SSB totaling about 5.5k with a blended yield of 3.86%. My intention for the SSB portfolio is to save towards a wedding and renovation related payments. My target for this fund is 30K come end 2020. Hopefully the government will come up with more similar volatility free instruments in 2019. 🙂
For fixed assets, I repaid part of the loan from the CPF board for the house. I still have another half remaining to be cleared. I am dragging my feet on this, as contributions to this fund is a diversion from the equity portfolio. At the same time, I have blogged about how we bought an expensive house and how I intend to reduce the mortgage to 80% of OA contribution. I guess this will be an ongoing work in progress.
Equities have had a rather lukewarm year. Other than Comfortdelgro which returned 30%, the other stocks were all caught in the minor bear that happened towards the end of the year. I took the opportunity during the dip to divest the smaller positions and focused on large cap contrarian plays such as Wilmar, Singtel and Keppel. I had intended to add more REITs during the dip, however none of the orders were fulfilled.
On the CPF side, For the first time I contributed 7k to CPF-MA instead of CPF-SA to reduce taxes payable. I decided to contribute to the MA instead as it has the same benefits of the SA (ie 4-5% interest and tax deductible) while having the added benefit of being used for medical emergencies.
I don’t think more could be done for this year, though I wished I could have increased my passive income streams. I had set out to increase my active income this year but 3 interviews later I am still at the same job. Sighs.
In the next year, I hope that I can increase my network and perhaps make a move in the right direction.