As mentioned in my previous post on the Mar 2016 Financial Update – P&L, this post will focus on the Balance Sheet (BS) – Assets and Liabilities. Again, I will summarise the main points of consideration for each item.


We have been building up our investment portfolio more aggressively since 2015. This is especially so for the ETF and Share portfolios due to the volatility in the stock markets in the past several months. However, the buying activity of ETFs and Shares have slowed down considerably given the recent rally in the stock markets. Our strategy is to continue to be vested, invest every month but only increase our ETF and Share portfolios aggressively in months that the stock markets are doing very badly. The growth in the Other portfolio has been more consistent.

We have started holding more cash due to the increased risk of retrenchment and this is expected to be the case …