In June 2025, my net worth rises to S$1.88 million record high mainly due to the recovery of stock markets.
Net Worth Breakdown:
Safe Heavens (62%)
CPF (35.6%): CPF is the bulk of my net worth and forms the foundation of my retirement savings. It is a low hanging fruit tree that we should not ignore.
Cash and war chest (17.1%): Liquid reserves strategically stashed in fixed deposits and Fullerton cash funds earning around 2.0% p.a. provide me with a peace of mind and security for unexpected expenses or investment opportunities.
Bonds (9.5%): A balanced portfolio of low-risk Singapore Savings Bonds and Astrea Bond ensures stability and provides steady source of passive income.
Retirement Savings (16%)
SRS (11.3%): This tax-deferred savings account provides a supplementary source of retirement savings and its value has recently surpassed $200k despite a cumulative contribution of less than $150k in past 8 years. I have completed the $15.3k contribution to maximise the annual individual limit for this year. My SRS funds are invested in $30k of SSB and 6 local stocks - Comfortdelgro, DBS, OCBC, Keppel DC Reit, Keppel Reit and Wilmar. Recently, I have stashed away all the idle SRS funds into Fullerton SGD Money Market Funds to yield 2.5% p.a. instead of meagre 0.05%.
Insurance (4.6%): A Prudential whole life insurance plan and other savings plans will provide me with 6-digit lump sum payout after my retirement while offering continual protection for peace of mind. I have also upgraded my MediShield life to integrated shield plan for private hospital coverage.
Equities (22%)
Stocks and Reits (21.8%): A real estate-focused portfolio of stocks and Reits provides long-term dividend income and stability. This financial asset class is riskier, more volatile and sensitive to interest rates but offers me the opportunity to indirectly own diversified portfolios of industrial, retail and commercial properties locally, and around the world for consistent passive income.
The Pursuit of FIRE
Our net worth is a financial health check to assess our net assets minus liabilities. The focus on building passive income streams and growing overall net worth is not solely about retiring early. It is about creating options in life to possibly regain time, location and financial freedom. It is about creating the opportunity to pursue passions, work less, focus on living life on this earth, and navigate life's uncertainties without financial stress. This journey is about building a foundation of security that empowers us with choices in life.
I hope to achieve my next milestone of SGD 1.9m soon in the coming months and $36k annual passive income by end of this year.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. It's crucial to conduct your own research or consult with a qualified financial advisor before making any investment decisions.
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