I am happy to share my net worth for June 2024! It has reached S$1.643 million, another record high thanks to contributions to my CPF, salary savings and some dividend collections.
Asset Breakdown:
Safe Heavens (62%)
CPF (37%): Huge shoutout to my CPF for making a significant portion of my wealth. Attaining Full Retirement Sum FRS in 2022 was a great accomplishment.
Cash and war chest (15%): My cash is strategically placed in fixed deposits and Fullerton cash funds earning over 3% p.a.
Bonds (10%): A mix Singapore Savings Bonds and Astrea bond provides stability. I am planning to add to this with the upcoming Jul 24 SSB with average yield of 3.3%.
Retirement Savings (8%)
SRS: I have already maxed out the $15.3k contribution limit for 2024, adding another layer to my retirement savings plan.
Income and Growth Assets (32%)
Stocks and Reits (24%): This portion of my portfolio caters for generation of passive cashflows and potential growth, with a focus on long-term compounding growth through dividend investing.
Tracking net worth is not just about the final figure. It is about seeing the results of all those past financial decisions. This update is a reminder that every step forward, big or small, is worth celebrating. This keeps me motivated on the journey towards financial freedom.
Thank you for reading!
2 comments:
Nice! I suppose you are 38 this year? Did u top up your CPF before? Can you share how u calculate the value of your insurance?
I am 38. I have been topping up CPF SA until hitting FRS 2 years ago. Then I top up MA after every Medishield life or careshield life premium deduction. Insurance value is using surrender value.
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