It is middle of the May month for another typical net worth update. Having collected my May 2022 salary, Apr 2022 CPF contributions and some dividends from my SGX income portfolio for this quarter, I paid off all my credit card liabilities and bills. Being debt free allows me to own a peace of mind to sleep soundly. The stock markets have crashed due to the immense noises of recession fears, interest rate hikes, commodities prices spike, inflation, pandemic, war etc. and wiped out more than $10k of my net worth. As a result, my net worth stagnates at $1.26m. I have completed SRS contribution of $15.3k, RSTU of CPF SA account of $8k and plan to start top up my mum's CPF RA account. I have transferred a matured fixed deposit with UOB to OCBC at 1.28% p.a. and tempted to subscribe the Jun 2022 tranche of the Singapore Savings Bond which offers around 2.5% p.a. yield for the next 10 years....