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....