My net worth increases to $1.296m. On the brink of breaching $1.3m.
This is after collecting my July 2022 salary, Jun 2022 CPF contributions and more dividends from my SGX income portfolio and paying off all my credit card liabilities and bills.
I received a boost from the maturity of proceeds of an Great Eastern endowment plan purchased a decade ago. As a result, the portion of insurance drops to 5% and my cash war chest increases to 20% of my net worth.
I have completed SRS contribution of $15.3k, $8k RSTU of CPF SA account and $8k RSTU of my mum's CPF RA account for 2022.
For my SGX income portfolio, I have increased my investments by initiating a position in IREIT Global and adding Mapletree Commercial Trust for more dividends in future.
I plan to subscribe for the next few months of Singapore Savings Bonds, which should yield more than 3% on average for the next decade....