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Net Worth in Jul 2020 Inching towards SGD 1 million
By Live Rich Life Free  •  July 18, 2020
My net worth increases $5k to $945.5k from Jun 2020, inching towards SGD 1 million. More than half of my net worth (55%) is illiquid in CPF, SRS accounts and Insurance plans. Hence, I target to build up the percentage of my liquid net worth in cash and stocks. The component of stocks (Equity & Reits) - 21% is almost on par with my Cash -19%. A short term target is to boost them to 25%. I am fortunate to have a job immune from Covid-19 to allow me continue farming the monthly cashflows and CPF contributions. My primary warchest in the Phillips POEMS money money fund is depleted. Funds in SRS account are fully invested. Recent actions: Nibbled Frasers Centrepoint Trust Bought Mapletree NAC Trust Secondary warchests of $230k idling in Fixed Deposits and Savings Bonds will be activated only if market crashed again to attractive levels at STI below 2200 or S&P...
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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