I have started work at my new job and it’s been keeping me busy. Won’t be writing long posts anytime soon but will try to provide financial/portfolio updates when I can.
This only serves to reinforce my belief in automated index investing. Even though my new job is essentially a parallel shift in roles, the learning curve is steep since I have never worked in the financial services industry before. I also have to adjust to interacting with new colleagues and bosses.
It takes a while and a lot of effort to settle in, perform, improve etc. This is on top of making sure I continue to spend time with my wife, our families and friends. All of which reduces my focus on monitoring and research & analysis of the equity markets. It starts becoming a lower priority item.
I imagine my life as a series of changes and phases. Each one more significant than the one before. You can see the draw of automated index investing to me, even at higher costs. Build a big enough base of index ETF investments by being consistent every month and even less than market average dividend yields & rate of returns can be sufficient.
Made ETF and Share investments
Standard monthly cash savings
Monthly reduction in housing loan principal
Normal CPF contributions
ETF Portfolio – $51,126 (+$3,185 and + 6.64%)
Bought Philip SGX APAC Dividend Leaders REIT ETF S$ (BYJ)
- Auto-purchase SPDR Straits Times Index ETF (ES3) [Maybank Kim Eng MIP]
- Auto-purchase Nikko AM Singapore STI ETF (G3B) and ABF Singapore Bond Index Fund (A35) [POSB Invest-Saver]
Averaged down on M1 (B2F)
Was able to allocate monthly savings as investment cash (standard increase)
Was able to allocate the rest of monthly savings as cash on hand (standard increase)
Average monthly passive income ($1,039) still above $1,000. Most of the dividend income was received from Vanguard ETFs. Higher than normal interest income due to a corporate bond coupon.
Spending multiple increases to 4.95x but savings rate drops below 40%. Decent growth in assets and travel spending resulted in this.