I’m writing more frequently now and the posts are starting to lengthen. It’s a good sign that I can dedicate more of my time to the blog. Well, it’s probably more of a reprioritisation since I’m just allocating time from watching TV & youtube videos and reading stuff online to actually writing blog posts. Gives me something more useful to do at night.
I have spent about 3 months at my new job and it has been a hectic & stressful adjustment period. Good thing is that I get along with my colleagues and boss, which always helps to make things better when you are getting swamped with tasks. Work is also finally stabilising and I’m gradually settling in. I can always tell when this happens because I start making time to exercise more often (playing badminton, going to the gym etc) and I’m less tired during the weekend so I go out for more social & family events.
I was planning to continue with my series of posts about the things I wished we knew when we first started investing. In fact, I already have a number of titles for the draft posts that serve as a list of topics I can write about. Practical considerations that a young and new investor should find useful. But it’s late and my brain is fried from the internal contentious meeting that I had several hours ago at work in the late evening.
I’m going with a simple interest income update post for the month of Jan 2017. This is basically the interest income earned from cash savings held in Singapore and Australia bank accounts for the month of Dec 2016. I track it in Jan 2017 since that’s when I receive the interest income earned in Dec 2016.
Singapore bank accounts
- UOB One: S$206
- OCBC 360: S$112
- Stan Chart/CIMB/POSB/ANZ: S$60
Australia bank accounts
- NAB/ANZ: S$99
Total for Jan 2017: S$477
The interest rates on deposits in Australia have been dropping every year since I left and my interest income earned from bank accounts there has been steadily decreasing. Sigh, gone are the days of high interest earning bank accounts in Australia.
One year ago, my interest income for Jan 2016 is S$340, so it’s a good thing the figure has increased by about 40% one year later in comparison. If you haven’t noticed by now, it is possible to reverse engineer our actual cash balances in Singapore and Australia using the above interest income figures. You will find that they are higher than what’s being disclosed on this blog. I won’t be posting the actual balances on my Portfolio page but you are welcome to calculate them for yourselves if you are interested. That’s it for now and I hope you are looking forward to the weekend like me!