Personal Finance
Reflection on 2011
By Bully The Bear  •  January 9, 2012
After doing my end of month accounting for the Dec 2011 and thus wrap up my financial year 2011, I realised that a lot of my networth was wiped out. Okay, everyone's definition of networth is different, so here's mine - it's defined as all my assets (includes cash, marked to market investment portfolio, whole life insurance cash value, mmf  and cpf) but excludes my residential property. I also didn't include debts that I owed to the hdb because of the property. I think you can roughly say that's my investible networth since most of it is cash that I can utilize at short notice. I know you can't use cpf anytime you want, but then again, I don't have much of it anyway, so it doesn't matter significantly. With this kind of definition, I realised that my networth is whacked down to around 2008, way before I had started any kind ......
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By Bully The Bear
La papillion is french for butterfly. This blog chronicles my journey from an amateur in the stock market to where I am today. Have I turned into a beautiful butterfly? I don't know, but I think my metamorphosis is still on-going now :)
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