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Net Worth Update October 2024 | SGD1.72m Record High!
By Live Rich Life Free  •  October 12, 2024
    Net worth reaches a new all-time high of S$1.72 million in October 2024, driven by the rebound of S-Reits, consistent CPF contributions, and disciplined savings habits. Net Worth Breakdown: Safe Heavens (62%) CPF (36%): Forming the bedrock of my retirement savings, attaining Full Retirement Sum FRS in 2022 was a significant achievement. Cash and war chest (16%): My liquid assets are strategically invested in fixed deposits and Fullerton cash funds, earning around 3% p.a. This provides a cushion for unexpected expenses while generating steady returns. Bonds (10%): A balanced portfolio of low-risk Singapore Savings Bonds and Astrea Bond ensures stability. I have maxed out my SSB individual limit of $200k in Aug, right before the yield of SSB falls below 3%. Retirement Savings (13%) SRS (8%): I have already contributed the annual individual limit of $15.3k, solidifying my retirement savings. My SRS funds are deployed into $30k of SSB and 6 local stocks - Comfortdelgro, DBS, OCBC, Keppel DC Reit, Keppel Reit and Wilmar....
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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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