Above is the progress of me reaching my targeted financial goal for October 2020. As you can see from the chart, the total value of my financial assets have grown by a mere 0.12% from September. The value of my stock portfolio declined due to the pullback of the stock market. This was cushion by my monthly regular contribution to NTUC RevoSave, Dash EasyEarn and Supplementary Retirement Scheme funds.
With the upcoming US presidential elections, I am expecting the stock market to be volatile. If you notice the trend, the overall Singapore stock market is always affected by the performance of the US stock market. When technology stocks in the US market gets a beating, so does the STI (Straits Times Index).
The total financial assets I am currently tracking are:
- Insurance savings (NTUC RevoSave, Singlife, Dash EasyEarn)
- Savings accounts (POSB, OCBC, CIMB)
- Singapore Savings Bonds
- Current value of my stocks
- Supplementary Retirement Scheme
In October, I have collected the following interest payout from the Singapore Savings Bonds I have bought every month over the years.
- October 2015 (GX15100F)
- October 2018 (GX18100V)
- April 2019 (GX19040X)
- October 2019 (GX19100N)
One tip to grow your wealth is to be discipline and consistent in controlling what you buy and contribution to the different buckets. NTUC RevoSave, Singlife, Dash EasyEarn, SRS are the different buckets that I have built up over the years.
I shall continue to build multiple streams of passive income.