Personal Finance
Net Worth Update Feb 2023
By Live Rich Life Free  •  February 11, 2023
My net worth rises $20k or 1.4% to $1.4m, another all time high! The increase is mainly due to recent recovery of REITs in my investments, CPF contributions and savings from Feb 2023 salary. My CPF forms the bulk 38% of my wealth. I have already achieved full retirement sum in CPF SA and have topped up my Medisave account to the basic healthcare sum of $68.5k last month. I have also topped up $8k into my mum's CPF Retirement account for the 5 reasons. My stocks and Reits in SGX Income Portfolio forms 23% of my net worth. I intend to continue adding high quality S-Reits while also accumulating low-risk assets such as fixed deposits, short-term government bonds which are yielding more than 4% in today's high interest, inflationary environment. In terms of US growth tech stocks, I plan to just dabble with options to collect premiums this year. I have no plan to increase exposure to HK or china equities....
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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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