Author: Finance Smiths

Net worth and passive income for June 2017

I was unwell this weekend. Started developing a cold and cough on Fri before it got worse on Sat. Feeling better now on Sun after sleeping in for the past 2 days. Going for a more straightforward post about our net worth and passive income for June 2017 since I am still recovering. Cash and Net Worth If you looked at my expense blogpage, our cash savings for June 2017 is S$5,467 and the savings rate is 29.99%. It’s our worst performing month for the year. But what isn’t going to make sense is that our net worth went...

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Drop in my housing loan interest rate and instalment

I just received a notification letter from my bank recently about the change in my housing loan interest rate, which is calculated in my case as 3-mth SOR + 1%. You can refer to this MoneySmart article about the difference between SIBOR and SOR. It also shows the SIBOR vs SOR historical chart, which I have included here for the fun of it. I follow the 3-mth SOR orange line closely simply because it directly affects my housing loan interest rate. And my monthly housing loan instalment payment happens to be my biggest expense every month. Sometimes, I compare...

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My problem with trading courses

My wife had to go in to work on Mon, which is a public holiday in Singapore. Good thing is that she gets a day off-in-lieu for about half day of work. Bad thing is that it sucks having to work when everyone else is off. Anyway, I took the opportunity to go out for lunch with my family and spend some time with them before picking up my wife and heading home. I’m not sure what triggered this post but it might have to do with the conversation I had with my mum after lunch. It had to...

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Buy transactions for June 2017

Automated Investing for June 2017 Maybank Kim Eng Monthly Investment Plan (Maybank KE MIP) Buy 29 units of SPDR STI ETF (ES3 on SGX) at S$3.29 per unit on 8 June 2017 Buy 89 units of Nikko AM REIT ETF (CFA on SGX) at S$1.07 per unit on 8 June 2017 Transaction costs of S$2 POSB Invest-Saver Buy 29 units of Nikko AM STI ETF (G3B on SGX) at S$3.35 per unit on 16 June 2017 Buy 85 units of ABF SG Bond ETF (A35 on SGX) at S$1.16 per unit on 16 June 2017 Transaction cost of S$1.50 OCBC Blue Chip Investment Plan Buy 448 units of Nikko AM STI...

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Change to POSB Invest-Saver

It’s no secret that we have a few SG ETFs Monthly Investment Plans (MIPs) via banks and their associated brokerage arms. We believe that automated investing is the way to go given our busy work and personal schedules that is only going to get more intense if we plan to have a kid next year. Which is why we are sensitive to any changes to these MIPs. Whether they are initiated on our side (e.g. amending the monthly cash amounts to be invested) or on their side (e.g. changes to the cash withdrawal dates or purchase price methodology). That’s how I noticed the recent...

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Condition of Anonymity and Stealth Wealth

Went out for dinner yesterday at Bar-Roque Grill on Tanjong Pagar Road with my wife’s family to celebrate birthdays and Father’s Day. Good fine and wine makes for a nice celebration. My wife and I should also be going out by ourselves for a Japanese lunch tomorrow on our day off. Always important to have couple time no matter how busy we get. Random topic that just popped into my head. Have you heard of the concept of stealth wealth? The idea that the wealthier you become, the more hidden in society you get. I first read about it...

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Aiming for S$1 million in Total Assets

It’s my 31st birthday weekend and I’m taking next Mon off with my wife to celebrate it. Maybe a nice steak dinner since the last time we had it was during the US trip. As work is picking up pace again for both of us due to our respective project delivery timelines, it’s good to have 2 consecutive long weekends to look forward to. June is always the time to do a half-year review of how the first half of the year has gone so far. It helps to work out the points for improvement you can take forward...

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Self-interest and tuning out on pay day

It’s pay day today. Which is always an exciting time for me. In some months, I have so many plans for what to spend my pay on that I’m quite conscious of counting down to the day itself. E.g. Clearing the credit card bills, mortgage, investments, savings etc. In other months, the day just creeps up without me being aware of it. This usually has to do with how busy I am at work. I like both types of months and it’s good to have a mix of them. It means my workflow is consistent but goes up and...

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Getting ready for Smartly and StashAway

Had a busy weekend and still feeling a little tired. We went out for dinner with friends on Sat and the whole group went back to our place to have dessert and drinks while watching the French Open tennis women’s finals match. It was a lot more exciting than expected. I played badminton on Sun before heading to the gym with my wife for a bit. By the time we prepared dinner and sat down to watch the French Open tennis men’s finals match, we were both quite wiped out. It wasn’t as exciting but I’m stoked Nadal won his...

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Can I survive driving Uber?

It’s mid-week and my wife & I have been busy at work. Given the way things are going, I guess we should count ourselves fortunate we still have work to do and a job to go to? Haha. Oh well, we just have to take it one step at a time. I read Mr.WealthMachine’s recent post on: How much did I make driving Uber for 1 week? I also read his previous post on him driving Uber for the past few weeks. Great stuff! First up, I am sorry to hear about the terrible graduate employment market. I have an intern who joined...

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Net worth update and no manual DCA

Foreign ETF portfolio restructuring Just updated the portfolio, net worth, passive income and expense figures on my blog. You will notice a big drop in the value of our foreign ETF portfolio. This is due to a small sale event in May 2017 where my wife sold her Vanguard All-World ETF (VWRD on LSE). We decided it was overlapping too much with my Vanguard All-World High Dividend Yield ETF (VHYD on LSE). To make up for this going forward, my wife will be buying the Vanguard Emerging Markets ETF (VDEM on LSE) and Vanguard Developed Asia Pacific ex Japan...

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Dividend income for May 2017

It’s a big dividend month for us despite the recent sale transactions and portfolio restructuring. Let’s get into it! SGX M1 (B2F): S$360 Starhub (CC3): S$423 Semcorp Industries (U96): S$164 SembCorp Marine (S51): S$55 Vicom (V01): S$148 SPH (T39): S$60 Starhill Global REIT (P40U): S$9 Keppel REIT (K71U): S$60 Dividend income for May 2017: S$1,279 This came at a good time since we just returned from our US holiday and our credit card bills skyrocketed from the overseas spending. Our expenses should stabilise after this since we have no major travel plans for now. Precautionary measures Anyway, we are...

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Buy transactions for May 2017

Good to know we were still able to make investment purchases for May 2017 despite being away from Singapore half of the month. Automated Investing Maybank Kim Eng Monthly Investment Plan (Maybank KE MIP) Buy 29 units of SPDR STI ETF (ES3 on SGX) at S$3.28 per unit on 8 May 2017 Buy 92 units of Nikko AM REIT ETF (CFA on SGX) at S$1.04 per unit on 8 May 2017 Transaction cost of S$2 POSB Invest-Saver Buy 29 units of Nikko AM STI ETF (G3B on SGX) at S$3.37 per unit on 15 May 2017 Transaction cost of S$1 OCBC Blue Chip Investment...

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Back in Singapore after US holiday

We are back in Singapore after a 2 week trip to West Coast US. The holiday was a lot better than I expected given it was our first time there. We have been to different parts of Europe a few times and never really considered US as a travel destination until recently. Didn’t think US would be as interesting and I was pleasantly surprised to find out there’s so many fun things to do there. We would definitely consider visiting the East Coast US in the future. I’m not going into a full on description of what we did...

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Dividend income for Apr 2017

Another long weekend to enjoy and we are busy going for our various personal care appointments & shopping for stuff that we need for the upcoming 2 week trip to West Coast USA. It’s going to be a short week for us since Mon is a public holiday and we will be flying off to San Francisco on Fri morning. Just a 3 day work week for us to get through before we can get away! Anyway, we are catching Guardians of the Galaxy 2 later and thought I will squeeze in a post in the meantime. A regular...

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