The Jun 2024 tranche of Singapore Savings Bonds (SSB) has an average yield of 3.33% over 10 years.
The first 6 years yield a flat 3.26% per annum; 7th year yields 3.33%, 8th year yields 3.46% p.a and 9th, 10th years yield 3.54% p.a.
The Jun 2024 tranche of Singapore Savings Bonds (SSB) has an average yield of 3.33% over 10 years.
The first 6 years yield a flat 3.26% per annum; 7th year yields 3.33%, 8th year yields 3.46% p.a and 9th, 10th years yield 3.54% p.a.
After surpassing 38 years existence on earth this month, I decided to book an Individual Physical Proficiency Test (IPPT) today.
For Singapore guys, IPPT is an annual national service (NS) liability for those who are certified fit and have not completed the 10 operationally ready cycles after completing full time NS.
I am surprised to be able to do 33 standard push ups and 36 sit ups, clocking 39 points out of 50 for static stations under my age group of 37 to 39.
I then need to run under 15 mins for 2.4km to earn 22 points to achieve at least 61 points in total to qualify for a $200 pass incentive.
The evening weather was good with cool breeze today. Track conditions was dry and perfect too.
I managed to run 2.4km in 13:56 mins to pass with 67 points for $200!
Happy to earn back $200 from the $5k taxes which IRAS shall collect from me soon for nation building whereby a large part will be channelled into defence.
My net worth rises to S$1.635m after CPF contributions, savings from salary and collection of dividends in May 2024.
My CPF makes up 37% of my wealth. Full retirement sum (FRS) is achieved in 2022.
Cash and war chest form 15% of my net worth. My cash is stashed away in bank fixed deposits and Fullerton cash funds under custody of Moomoo and Tiger Broker yielding more than 3% p.a.
Bonds consist of low-risk Singapore Savings Bonds ($150k) and Astrea 7A PE bond ($9k) contributing to 10% of my wealth. I intend to subscribe $10k of the June 24 SSB tranche with average yield of 3.33%.
CPF, cash and war chest, and bonds amount to 62% of my net worth as relatively safe heavens.
SRS account accounts for just 8% of my wealth. I have already completed the $15.3k contribution limit for 2024.
Currently, 24% of my net worth is in stocks and Reits. This, combined with the local holdings in SRS, brings my exposure to riskier assets up to 32%.
Tracking net worth is not about the numbers. It is about seeing where our past financial decisions lead us to. This update is a reminder that progress on this financial journey, however big or small, is worth celebrating. It fuels the fire and motivation to keep grinding towards the financial freedom goal.
After watching AK's latest video, I got a stark reminder that Cashflow is the real King. It is important to upkeep our positive cashflows by boosting our income sources while reducing expenses from cash outlays. The journey continues and I am excited to see what the future holds. Stay tuned!
Thank you for reading.