Author: Finance Smiths

Investments for Dec 2016

I originally had this post titled “Purchases for Dec 2016”. But it sounded like the post is about consumer items that I purchased for the month of Dec 2016. Of which there were many considering the Christmas celebrations, dinners and gift exchanges. Happy times! Anyway, I changed the title to “Investments for Dec 2016”, just to make it sound more official and related to the financial assets purchased for the month of Dec 2016. As a follow up to my previous post on dividend income received in Dec 2016, I have also decided to reveal both my automatic and...

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Dividend income for Dec 2016

It’s the Christmas weekend and I’m about to get off work soon. Thought I will squeeze in a blog post before the long weekend!   We have been doing our Christmas shopping for the past 2 weeks to prepare gifts for our families and friends. Will be having Christmas dinners over the weekend with good food and wine. Looking forward to that after such a busy and tough few weeks at work! I was debating with myself a while back about whether to disclose more details of our dividend income but decided against it. Been thinking about it again and this time round,...

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Why I read Transitioning.org

The US Federal Reserve has raised interest rates for the first time this year and there’s talk of 3 more increases to come next year. Stock markets and oil prices reacted. TPG Telecom wins right to be Singapore’s next telco in an already saturated market to compete against Singtel, Starhub and M1 and their stock prices tanked. This is right after a number of days of bullish run for global stock markets. Look at how volatile the equity markets can be. This is why I know I can’t trade and have to remind myself to ignore short-term price movements....

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Why I left my previous job

I don’t think I have ever wrote about why I left my previous job. I mean, I had a post about changing jobs and why I was moving to a job in a bank. But I never went into the triggers at my previous workplace (an accounting firm) that made me decide to search for a new role in the first place. There were personal as well as professional reasons but they interacted with each other to ultimately result in me resigning. Only my wife is acutely aware of how significant the personal reasons were and I never spoke to...

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Moving past our mistakes

I must admit that I felt a pang of regret/fear when I read Kyith’s (Investment Moats) post – Negative Cash on Cash Return Bites Single 45 Year Old with 6 Investment Properties. Although I am not in the same situation as the lady mentioned in The New Paper, Kyith’s analysis could just have easily been applied to my wife and I. It’s a great read and important reminder for people not to get complacent and overstretch themselves on property investment even if you are a high income earner. In fact, I have applied Kyith’s analysis to our situation below....

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Changes to UOB One credit card in 2017

It’s the weekend and I’m currently waiting for the Christmas tree that my wife ordered to arrive. Should be decorating it this weekend as well. Just something nice for us to get into the Christmas spirit! This is going to be a short update on a SMS I received from UOB Cards notifying me of the below in relation to my UOB One credit card: With effect from 1 Feb 2017, 1) Monthly instalments under 0% Instalment Payment Plan, SmartPay will not qualify as card transactions and such spend will not go towards the minimum spend and will not...

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Meeting portfolio targets for the year

In Jul 2016, I did a End of Jun 2016 Financial Update post and set out goals for our net worth and asset portfolio. I’m happy to say that they have all been met at this time before 31 Dec 2016! The monthly tracking of the figures on the relevant pages of the blog charts the progress well. I know it’s showing a lot of positive figures and percentages but that’s what happens when you have dual income and no kids. Most of the growth is coming from cash injections into the various portfolios as the markets have been...

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Getting ready for year end

If it’s not obvious by now, the number of posts each month is dropping significantly. This is due to the workload at my job getting heavier as I start to integrate into the team. I have much less time and energy to devote to the pursuits of my non-core personal interests such as blogging. As for core personal interests such as spending time with my wife, family & friends and exercising, I continue to make the effort to do so on weekday nights and especially during the weekend. Which results in me being less engaged with this blog as...

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1% commission charges and updates

Biggest news of this week is that Trump will be the next president of US. I didn’t take any positions before or after the polling day. The markets are especially volatile and my portfolio & investing strategy are designed to try and navigate times like these more calmly. Sometimes by staying out and doing nothing. I have just been fine-tuning the auto-purchases of the ETFs in the Monthly Investment Plans (MIPs). As it turns out, the auto-purchase of 1 share of the SPDR Gold Shares (O87) under the Maybank KE MIP did not happen again for the month of Nov 2016. Decided...

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The Tracking Effect

Another week of work has gone by! I have to say the new job environment is tougher than my previous one. It might have to do with the fact that I’m not settled in yet. But I can feel the higher stress levels, more intense workpace and increased number of things to follow up on. Benefit – Day/week passes faster. Con – More exhausted at the end of each day/week. Still not sure whether the benefit outweighs the con. Anyway, I have continued to track the changes in our net worth, portfolios, passive income and spending on Google Sheet, SGXcafe and this blog. After...

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Oct 2016 Net Worth Update

I have started work at my new job and it’s been keeping me busy. Won’t be writing long posts anytime soon but will try to provide financial/portfolio updates when I can. Net Worth – $163,846 (+ $18,038 and + 12.37%) Made ETF and Share investments Standard monthly cash savings Monthly reduction in housing loan principal Normal CPF contributions ETF Portfolio – $51,126 (+$3,185 and + 6.64%) Bought Philip SGX APAC Dividend Leaders REIT ETF S$ (BYJ) last week Share Portfolio – $120,335 (+ $3,423 and + 2.93%) Bought M1 (B2F) last week Other Portfolio – $155,800 (+ $2,000 and + 1.30%) Was able to allocate...

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ETF Updates

I’m back from my 2 week holiday to Italy in Europe! My wife and I have been there before during the second year winter break of our undergraduate study. Even with a limited budget as students, we had a great time in Italy then and figured we would enjoy it even more now with our increased budget as working adults. We were right! Nicer accommodation, food and travel options do make a difference. Anyway, we are happy to be back in Singapore and are still recovering from jet lag. Will also need to get ready for our first day...

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Sep 2016 Net Worth Update

I didn’t post an Aug 2016 Financial Update last month. Besides, you can refer to the figures that I update regularly on the Net Worth, Asset Portfolio, Passive Income and Spending Multiple & Savings Rate blog pages as a reference. I have also included the numerical and percentage changes from month to month for easier tracking of our progress. Nevertheless, I have decided to do a Sep 2016 Net Worth Update. Before I go into the details on our financial progress from Aug 2016, I’m going to write about other related topics first. Just to make it interesting to have some of my current thoughts and views in this...

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What we learned from my unemployment

I have to say that the previous post on our annual spending multiples has really put things into perspective. By the way, it also represents roughly the number of years we can last on the capital amounts of our savings and investments if both of us have to stop work involuntarily or by choice. The current rate of increase suggests our annual spending multiple should rise by 1x every year assuming there are no changes to our income and expenses. With the 10 year target to achieve financial independence, our annual spending multiple would have increased to 15x a decade later. Our incomes might...

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Our annual spending multiples

I will be going on a 2 week holiday to Europe with my wife before starting my new job later this year. It’s always good to have a break in between jobs just to relax and refresh myself. After my probation ends mid next year, we will probably head to the West Coast USA for another 2 week holiday to reward myself if I clear it or to console myself if I fail it. I have mentioned before on my blog that travelling for overseas holidays is one of our main expenditure items. We enjoy both short and long haul holidays and...

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