We have came to the end of the first month of the year 2024 and I am going to provide an update on the progress of myself trying to reach my targeted financial goals for January 2024. It is definitely a fantastic start as the total value of my financial assets increased from 72.11% to 74.32%.
In January, I attributed the increase of my financial assets due to the maturity of the fixed deposits that I placed with CIMB Bank. As I could not find a better deal, I renewed my principle including the interests collect with CIMB Bank again. CIMB Bank is offering 3.50% p.a. for a 6 month fixed deposit placement.
Supplementary Retirement Scheme (SRS) Funds
I have been actively contributing to my SRS funds for the sake of tax relief. SRS funds is one of the retirement bucket that I intend to fill as I can draw down from this bucket from 62 years old onwards for 10 years....