My net worth inches up 0.2% to $1.318m from Aug 22.
Another all time high after collecting my Sep 22 salary, Aug 2022 CPF contributions and more dividends from my SGX income portfolio and paying off all my credit card liabilities and bills.
The increase was offset by taking a beating from the tanking of stock prices in my portfolios past few days from red hot inflation and further interest rate hike fears.
I have already completed SRS contribution of $15.3k, $8k RSTU of CPF SA account and $8k RSTU of my mum's CPF RA account for the year, reaping all the low hanging fruits of tax reliefs and guaranteed risk free yields.
Cash is a great performing asset in such high interest rate environment and I have deployed my war chest into Fullerton SGD Cash Fund by Moomoo yielding on average 2.3% and into Money Market Fund by Phillips Capital yielding around 1.5%....