S$1.587m
My net worth increases to S$1.587m in Feb 2024.
This is after CPF contributions from Jan 24 salary and savings from Feb 24 salary.
CPF forms the bulk 37% of my net worth. I have already achieved full retirement sum (FRS) in CPF SA and has completed $8k top up to my mum CPF Retirement Account for some tax relief.
Cash and war chest constitute 17% of my wealth. In the current high rate environment, my cash is being stashed away in bank fixed deposits yielding more than 3% p.a. in Fullerton cash funds under custody of Moomoo and Tiger Broker, and in Money Market Funds held by Phillips Capital yielding more than 3.5% p.a. with interest paid daily.
Singapore Savings Bonds ($140k) and Astrea 7A PE bond ($9k) are low-risk bonds contributing to 10% of my wealth. Together with CPF, cash and war chest, they amount to 64% of my net worth as safe assets. I will skip the coming Mar
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