Friday, December 31, 2021

Portfolio Update Dec 2021

Year 2021 has come to a finale and it is time to review my investment portfolios.

Technically, the stock markets have corrected and rebounded under immense noises engulfing Fed tapering, interest rates hikes, Omicron variant fears, rise of US Treasury yields, looming market crash and so on.

My stance and plan are clear. To stay invested, slowly and steadily increasing investments in income-producing assets or growth businesses regardless of economic nor financial conditions.

My SGX Income Portfolio value increases to $272k from $264.9k last month.

My US Growth Portfolio value increases to US$6.9k from US$3.5k. I started another small portfolio on Tiger Brokers and injected capital of $2k or US$1.4k in order to redeem discounted Disney shares awarded by Shopee and to receive a free Apple share upon depositing $2k. I also injected around US$2k into Moomoo trading account to beef up its cash levels for selling puts.

My SRS Ultra Long-Term Portfolio value increases to $102k from $88.3k. The increase is mainly due to my contribution of $10.5k this month to my SRS to max out the limit of $15.3k for 2021.

For the entire year of 2021, I have received dividends totalling $15,807.02. See Passive Income in 4Q and entire 2021

Portfolio Actions

1. Subscribed 2,000 shares of Mapletree Logistics Trust from Preferential Offering at price of $1.84.

2. Rolled over 2 units of Palantir, PLTR211210 put option to PLTR220123 put option with $22 strike price at US$3.50.

3. Redeemed 1 share of Walt Disney 20% discount at price of US$116.60 on Tiger Broker.

4. Received 1 share of Apple Inc. free from Tiger Broker.

5. Redeemed 1 odd share of Alibaba (HKG.9988) at HK$68.10.

6. Bought 100 shares of Alibaba (HKG.9988) at HK$111.

Portfolio Dividends

1. Received $119 from Savings Bonds on 1 Dec.

2. Received $128 of dividends from Netlink Trust on 1 Dec.

3. Received $225.55 of dividends from Mapletree Industrial Trust on 3 Dec.

4. Received $173.84 of dividends from Mapletree Logistics Trust on 14 Dec.

5. Received $462.60 of dividends from Frasers L&C Trust on 16 Dec.

6. Received $800 of dividends from Aims Apac Reit on 17 Dec.

SGX Income Portfolio

US/HK Growth Portfolio

SRS Ultra Long-Term Portfolio

Thanks for reading. Stay Strong, Play Safe and Happy New Year to all!

With love & peace,

Reflection on Year 2021 - 11 Things I experienced for the 1ST Time

As year 2021 is nearing an end, let me reflect, highlight and share on the 11 things I experienced the very first time for the past 12 months.

1. Changed Job

First and foremost, I changed job for the very first time in my life, in line with the Great Resignation trend globally. This decision came after much deliberate thought, analysis and when an opportunity comes at the right time, I simply grabbed it and moved on. I have shared on the 10 reasons why I was quitting job. Our job yields the greatest dividends from us trading our time to produce work for our employer. Our remuneration usually is a measure of the perceived intrinsic value of our investment in own education, knowledge and gaining of past experiences.

2. Stayed in Singapore Hotels

With SingapoRediscover vouchers given by the government to support local tourism business, I happily redeemed the vouchers for staycations in Singapore hotels. Prior to the pandemic, I have never stayed in local hotels before. Refer to previous blogs on my staycations in Yotel Air Changi Airport Jewel and Hotel G.

3. Cryptocurrencies

As the price of bitcoin peaks at record high of US$69k in Nov 2021, the FOMO feeling in me was ignited. A decade ago, I thought that cryptocurrencies were worthless as dirt, not supported by underlying authorities, businesses and assets, and were merely gambling instruments. However, in recent years, my opinion of cryptocurrencies completely changed. When bitcoin has emerged as the primary dominant "digital gold" asset in recent years, I have been procrastinating and wondering when would be the best time to get onto this wave. After Facebook changed its name to Meta, I decided to open crypto exchanges accounts to kickstart my crypto journey. The realization of the upcoming Metaverse awakened my instinct in the need to own digital currencies now and for the future. The best time to invest in crypto was a decade ago and the next best time is now.

For those of you interested to sign up for exchange platform, you may use my referral link here. We both can get USD25 worth of CRO tokens when you stake $500 of CRO tokens for a Ruby card or above.

4. US/HK Stocks

I opened low-cost brokerages - Moomoo and Tiger Broker and funded them to enjoy free Apple shares. Like cryptocurrencies, I have been wanting to get on the journey of owning the world's most popular tech and consumer businesses such as Apple, Microsoft, Amazon, McDonald's, Nike, Walt Disney, Alibaba and so on. Having traded and invested in SGX stocks for more than a decade, it is evident that the local stock market lack enough growth businesses as only banks and Reits are worth investing. The old school blue chips in SGX have faltered, stagnated and failed to grow at decent pace anymore. 

Thanks to the low-cost brokerages, I managed to create new portfolios containing US and HK growth stocks. I plan to accumulate more growth stocks slowly through dollar-cost averaging over the next few years, en route to financial freedom journey.

Get your free Apple share from Moomoo using my referral link.

Get your free Apple share from Tiger Broker using my referral link.

5. Bought HDB

I made the down-payment of a 3 room HDB BTO in Jun 2021 together with Ms Doraemon. The property is located in District 13 city fringe beside an MRT station and will be ready in 5 years time. This is another life decision. The plan is to use the waiting time to build up savings in CPF OA account and then fully pay off the HDB flat when collecting keys. To be able to sleep peacefully every night with no liabilities nor debts is a divine gift. To be able to own a roof over our heads without cash outlay is a feat only easily achievable on this Singapore island.

6. WFH for most number of days a year

Out of 261 work days in 2021, I worked in office not exceeding 50 days. This means I work from home more than 80% of this year, which is a record ever since my working life. Prior to the pandemic, I seldom work from home as I prefer not to work in the place where I enjoy quality sleep and 'me' time. This pandemic has provided an opportunity to mix work and rest together, giving pros and cons. As I saved more time commuting and money on lunches, I put on weight and felt the extra inches while wearing those old pants.

7. Met the least people

As virtual meetings on Webex, Skype, Zoom and Google Meet have become the norm, I met the least number of real physical people this year compared to all other years in my life. Besides meetings during work, even AGMs, courses, webinars are conducted virtually online, allowing us to siam all the physical real people, which can be a good thing for introvert like me. 

8. Cashed out from this blog website

On 23 Sep 2021, I cashed out dividends from this Live Rich Life Free blog. Google Adsense paid me $156 for the ads rendered or clicked on this website since Jan 2020. I did not expect such monetary incentive when I started this blog close to 2 years ago. Nonetheless, such incentive would motivate me further to create more financial content for sharing to the investment community and world.

9. Passive income exceed $15k

For the first consecutive year, I received passive income from dividends and interests amounting to more than S$15k. Prior to 2020, my investment portfolio was too small to yield decent amount of dividends. Before 2015, I was merely trading stocks to reap short-term gains and did  not adopt a long-term stance for investments. I am happy with the investment journey so far and will continue to build up the SGX income portfolio for more dividends in future years to come.

10. Investment in Self

With more time at home, I invested aggressively in myself to learn, gain knowledge and broaden horizons through attending many courses, webinars and workshops. I then obtained the most number (>5) of professional certifications and accreditations ever in my life this year. Getting certified by Microsoft and Google do boost my credentials and recognise my expertise and skills in the computing world, thereby helping in my career progression in the future hopefully.

11. Millionaire for the entire year

Last but not least, my net worth stayed above SGD 1 million throughout the year and increased by around $150k from Jan 2021. I did not invest aggressively this year as my strategy was to grind at work, earn the monthly pay cheque, save up, sit back and let the equities recover in tandem with the economy, while collecting dividends. My main track is to slowly increase investments. On side tracks, I explored into cryptocurrencies and started new mini growth portfolios in the US stock market.


Despite the ongoing pandemic, 2021 has been a breakthrough and revolutionary year for me. I look forward to the coming year 2022 and hope it will bring greater opportunities and dreams.

Have you reflected on your achievements for this current year?

Thanks for reading. Stay safe and strong always!

With love & peace,

Wednesday, December 29, 2021

Last Investment Of The Year | Nibbled Alibaba (HKG.9988)


I smelt plenty of blood on Alibaba stock (HKG. 9988) and sensed opportunity.

It is a falling sword that cuts through the fleshes of many retail investors and even institutional big boys.

Its share price has plunged below all possible supports till there is no support left based on technical analysis and is even lower than its IPO price in 2019.

It is now or never.

Alibaba is the largest e-commerce business in China with platforms such as Taobao and Tmall, and owns an ecosystem of Alipay, Alicloud and Caibiao Logistics. Entertainment media platform such as Youku Tudou contribute further to its income streams. It is still a profitable, undervalued tech company with immense growth prospects, albeit subjected to crackdown and regulatory risks introduced by the communist government.

I decided to get on this boat today. 

This will be a long-term, high risk high returns play. 

My last Investment of the year. There it goes.

Should its share price plunge further, I am prepared to average down at 10%, 20% or even 30% lower.

Thanks for reading. Stay safe and strong always!

With love & peace,

Thursday, December 23, 2021

Redeemed Alibaba Share at 40% discount on Tiger Broker


I earned a 40% stock discount Alibaba (HKG:9988) voucher on Tiger Broker's Santa Monopoly game.

I redeemed this voucher today to purchase my first share of Alibaba at only HK$68.1.

This is a steal, a small great deal which provides a good headstart and foundation for me to accumulate more Alibaba shares.

I think Tiger Broker has done a great job to instill confidence in retail investors to make small steps towards investing. By giving stock discount vouchers through in-app games, it really helps and encourages amateur retail investors to overcome their psychological barrier.

The share price of Alibaba has weakened severely in the past year due to immense bad news and crackdown by the Chinese government. 

Fundamentally, Alibaba is still a strong, undervalued but profitable company underpinned by thriving e-commerce, Internet, artificial intelligence, video streaming and growing cloud computing businesses.

If we allocate a small fraction of our investments to Alibaba, we could mitigate and manage the risk well, and still get to ride on Alibaba's recovery should it really happen.

Be greedy when others are fearful. This is how Warren Buffett acquired undervalued businesses to hold and thrive in the long-term.

If you are interested to kick-start your journey in stock investing in Hang Seng or US markets, do use my referral link to register for a Tiger Broker account, fund it with at least S$2k to get a free apple share worth US$170 and 60 commission-free trades for 180 days.

Thanks for reading. Stay safe and strong always!

With love & peace,

Monday, December 20, 2021

Redeemed Discounted Disney share on Tiger Broker


I earned 2 stock discount coupons (20% off Disney stock) from Shopee.

They have to be redeemed on Tiger Broker app.

Hence I funded my idle Tiger Broker account with $2.2k today and still qualify for an apple share despite having opened the account many months ago.

I then input the voucher code in Tiger Broker app.

Redeemed 1 Disney share for US$116. 54 today. I intend to redeem the other share at a later time within next 2 weeks.

1 free Apple share and 2 discounted Disney shares to lay the foundation for me to build up a new US stock portfolio.

If you are interested to kick-start your journey in stock investing, do use my referral link to register for a Tiger Broker account, fund it with at least S$2k to get a free apple share worth US$170 and 60 commission-free trades for 180 days.

Thanks for reading. Stay safe and strong always!

With love & peace,

Bought $500 of CRO to stake for Ruby Steel Card


I made another small step towards crypto journey today.

As the price of CRO token retraces to test support of USD$0.50 (S$0.70), I bought 704 tokens worth S$500 and mentally prepared to lose everything.

It is not easy to time the purchase of cryptocurrencies because they are very volatile. 

I have staked these 704 CRO tokens for a Ruby Steel card for a period of 180 days, thereby unlocking 111.6 CRO tokens which were worth the free USD25 upon sign up months ago from referral link.

I was waiting for the price of CRO to drop below S$0.30 at that time but its price keep climbing up and even rocketed to a high of S$1.20 before retracing. 

The benefits are 2% cashback for all purchases and Spotify rebate up to US$12.99 monthly.

I am optimistic about cryptocurrencies and believe in risking a small portion of fiat monies to purchase digital currencies used in metaverse. Only high risks will generate high returns.

I have finally started my crypto journey Have you started yours?

For those of you interested to sign up for exchange platform, you may use my referral link here. We both can get USD25 worth of CRO tokens when you stake $500 of CRO tokens for a Ruby card or above.

Thanks for reading. Stay safe and strong always!

With love & peace,

Saturday, December 18, 2021

Passive Income in 4Q and entire 2021

The year of 2021 is coming to an end.

It is time to track the passive income I have received in the pursuit of financial freedom journey.

From 1 Oct to 31 Dec, I have received the following dividends.

$98 Savings Bonds (1 Oct)
$113.68 Keppel DC Reit (20 Oct)
$114 Savings Bonds (1 Nov) 
$139.16 Capitaland China Trust (8 Nov)
$43.60 Ascott Reit (9 Nov)
$270 Guocoland (25 Nov)
$182.67 Frasers Centrepoint Trust (29 Nov)
$111.60 Suntec Reit (29 Nov)
$482.90 Mapletree Com Trust (30 Nov) 
$119 Savings Bonds (1 Dec)
$128 Netlink Trust (1 Dec)
$225.55 Mapletree Industrial Trust (3 Dec)
$173.84 Mapletree Log Trust (14 Dec)
$462.60 Frasers L&C Trust (16 Dec)
$800 Aims Apac Reit (17 Dec)

All add up to $3,464.60 in 4Q 2021.

My passive income for the first 9 months of 2021 is $12,342.42.

Altogether, my passive income for 2021 is


This is lower than the $17,093.12 of passive income for year 2020.

Last year, there were one-off capital returns such as $2,590 from Capitaland Commercial Trust after merger with Capitaland Mall Trust and interests from higher fixed deposit rates of above 1.5%.

I also have not included the paltry amount of dividends collected in my US growth portfolio. I think the total amount is less than US$100. I considered income from options trading as another source of active income from part-time job, hence did not factor it in.  

2021 is still a fruitful year despite the ongoing health pandemic, or rather endemic that humans are slowly getting used to while putting lockdowns and curbing measures that heavily impact lifestyle at the back of our memories.

I am optimistic and believe that year 2022 will be a better and greater year. Let the economy recovery continue, more borders to reopen, "low" interest rate environment to sustain after rate hikes and Reits to collect increasing rentals and pay higher DPU. Let's also look forward to the interests from CPF in early Jan 2022. 

Thanks for reading. Stay safe and strong always!

With love & peace,

Wednesday, December 15, 2021

Net Worth Update Dec 2021 | ++$150k in 2021


This will be the last net worth update for year 2021.

2 weeks away from the new year and I have collected almost all the salary income, bonuses, CPF contributions and almost all dividend payouts for this year.

My net worth increases $10k from mid Nov 2021.

My net worth increases around $150k from exactly a year ago, when it surpassed $1 million for the first time.

At this rate, let me now set a target net worth of SGD 1.3 million dollars to be attained by 15 Dec 2022.

The benefit of setting small targets or goals in life is that we will be close or not very far off from our targets or goals even if we missed it.

This month, I completed the maximum contribution of $15.3k to my SRS account.

Earlier this year, I completed the $7k RSTU for my CPF SA and parent's CPF RA account.

I have also refunded the down-payment amount of $21.5k for HDB BTO used from my CPF OA account.

2021 has been a tumultuous year for us dealing with impact from the pandemic and learning to live with the virus in an endemic society. Global economies have begun to recover and will continue to do so. There will be noises, fears and concerns as usual, regardless of economic conditions.

We need to stay focused, be staying on track in pursuit of our own objectives and aims in life. 

For me, the ultimate aim is financial freedom. This journey will not be plain sailing but it definitely is not impossible.

I envisage that 5 years from now, I will be shaking leg, drinking coconut by the pool in a resort, working when I want to and not because I need to. 

Momento Mori.- "Remember that you will die"

Thanks for reading.

With love & peace,

Saturday, December 11, 2021

Subscribed to Mapletree Logistics Trust Preferential Offering Shares


The dateline to subscribe for Mapletree Logistics Trust Preferential Offering Shares is 9.30pm on 14 Dec 2021 for electronic applications and 5.00pm on the same day for banker's draft/cashier's order.

I currently own 8,000 shares and intend to round it up to 10,000 shares through this exercise without incurring any brokerage fee.

See related posts:

Added Mapletree Logistics Trust in first investment of 2021

Applied for Mapletree Logistics Trust Preferential Offering Shares (2020)

Nibbled Mapletree Logistics Trust and Sembcorp Marine

There it goes. My subscription for 2,000 shares (including entitled and excess) at $1.84 per share.

Hope I can get them all.

Slowly but steadily, I am building up positions in high quality Reits in my SGX income portfolio.

This is the second time I am using PayNow to participate in corporate action to save the $2 fee from using ATM.

The new Preferential Offering Shares will be credited to CDP and commence trading on 22 Dec 2021, 9am.

I would expect the share price of MLT to remain weak and may possibly fall below $1.84 in the short-term. 

As this is a long-term income play, I will not be concerned about short-term volatility.

Thanks for reading. As usual, stay safe and remain strong.

With love & peace, 

Friday, December 10, 2021

Completed SRS Top-up in 2021

One of the last financial tasks for 2021 is to complete the maximum contribution of $15,300 to the Supplementary Retirement Scheme (SRS) account.

The main benefit is to save taxes aka cash outlay to the taxman next year.

Another benefit is to build up a cannot-touch ultra-long term portfolio using SRS funds.

There are also other options of endowment or insurance plans, annuity plans, bonds, funds or robo-advisor investment portfolios that we could invest with SRS funds.

However, SRS savings may not be for everyone because of the long lock-down period. We can only withdraw up to $40k from SRS tax-free for 10 years from the first penalty-free withdrawal, upon reaching the statutory retirement age (62 in 2021 and 63 w.e.f 1 Jul 2022). There is a penalty incurred for withdrawing funds from SRS prior to retirement age, on top of being slapped with tax on the withdrawn amount.

I believe SRS is only beneficial for people who are having income at least in the 7% tax bracket.

I have already contributed $4.8k to SRS early this year, leaving remaining $10.5k.

See related post: 2nd Top-Up To SRS in 2021

There it goes. $10.5k to complete the quota for this year!

Have you topped up your SRS account this year?

Do you want consider open an SRS account now to lock down retirement age at 62?

Thank you for reading. Stay safe and be strong as always. 

With love & peace, 

Friday, December 03, 2021

IPO Allocation Results of Digital Core Reit

The IPO of Digital Core Reit to 13.4m retail investors was 16.1 times oversubscribed.

The above is the allocation table.

I applied for 5,000 shares of Digital Core Reit IPO yesterday.

Today, I got my monies refunded entirely, less the 2 bucks.

This means I got nothing. 

No luck. At least I tried though.

If I were lucky, I could have gotten 1,500 shares.

Moving forward, what will be my strategy for this new data centre Reit?

I intend to monitor the price movement for weeks.

Then be a sniper to fire first shot to initiate a small position when the opportunity arise.

Dollar cost average over time and build up a position of freehold data centre assets.

Thanks for reading. Stay safe and strong always!

With love & peace,


Thursday, December 02, 2021

Applied for Digital Core Reit IPO


The dateline for IPO application for Digital Core Reit is 12pm on 2 Dec 2021 today.

I just applied 5,000 shares via OCBC Internet Banking.

I have briefly shared on the 5 reasons why I decide to apply for this IPO here.

Wish myself and all applicants good luck!

With love & peace,