There has been a few small dips in the equity markets and I took the opportunity to invest some of our cash. Not much, about S$1,500 of manual investments on top of our automatic investments. It’s good practice for how I will utilise our cash funds when the dips in the equity markets become bigger. I’m also realising the benefit of having a larger cash balance in that I can take my time to invest it.
The important thing is I don’t feel the urgency of having to build my investment portfolio up quickly. Because we can still rely on our jobs for salary income for now. Which is why I reckon it’s more essential to find roles that you are fine being in that pay you enough to build an investment portfolio slowly. Rushing this process because I don’t like my job is going to get me into more financial trouble. Being patient seems to be the key theme for us in 2018.
Feb 2018 Net Worth: S$379,841 (S$6,589 and +1.77%)
Cash, investments and retirement funds all went up by varying degrees with the reduction in housing loan liability to increase our net worth. The dollar amount and percentage of the increase is the lowest it has been for the past several months. Especially when compared to the Dec 2017 and Jan 2018 Net Worth Updates with the annual performance bonus cash payout and CPF contributions. The flat equity markets and paying off the ski trip expenses didn’t help.
Anyway, the outcome of my remuneration outcome based on my performance review for 2017 is likely to be released to me by the end of this month. It’s my first time at a bank and I wonder how it will compare to my previous experience at an accounting firm. The profits earned by the bank in 2017 may have been higher than 2016 but our team has gotten bigger. A larger pie to be divided by more people may result in the same slice for everyone despite achieving better results. I shall wait and see before writing about it when I receive the letter.
Your portfolio is like mine:
I have starhub, sph, raffles medical, ABF, fraser bond.
I have just sold my ABf and fraser bond. aBF is not worth the time. Every time it gives dividend at the start of the year the price will drop correspondingly. Over time u earn a very meagre dividend of about 2% with quite a stable price.
For starhub n sph luckily i only had a small sum invested. I missed the chance to cut loss when they hit a recent peak so i will just leave them in cold storage .
Luckily i had a few winners: DBS and OCBC which i held for two years and gotten 50% ROI. These won me big.
Raffles medical is about to break out so i pumped in more.
I am staying away from bonds, automated plans and monthly investment plans after some painful lessons. You also had some high risk bonds hyflux and oxley
Noticed you investing in STI ETF i suggest you dont as the returns is really bad for the past ten years. Investin in S&P is a better choice
Thanks for the advice and I appreciate it! Yes, Starhub (even M1) and SPH have been performing badly. I will probably just leave them as well since I have significant positions in them. I should be sticking to my automated monthly investment plans in STI ETF and hanging on to my other investments in ABF Bond ETF and high risk bonds. Would like to see how they work out over time!