This is the last month of the year 2023 and again I am going to provide an update on the progress of myself trying to reach my targeted financial goals for December 2023. The total value of my financial assets increased from 69.89% to 72.11%.
The increase in total value of my financial assets was attributed to the recovery of stock investments, collected dividends and payout of performance bonus from the company I currently worked at.
Last week, US stocks closed higher due to bullish investment sentiments amid moderating inflation. The Straits Times Index (STI) follow suite and closed 0.9% higher prior to Christmas over the weekends.
In December 2023, I collected the dividends payout from ST Engineering, Boustead, Mapletree Pan Asia Commercial Trust, Singtel, Frasers Logistics and Commercial Trust and Mapletree Logistics Trust.
I want to share that I use Stocks Café to keep track of the total value worth of my stocks. Stocks Café is my preferred tool for managing my stock portfolio. It is packed with tonnes of intelligent features such as portfolio monitoring and reporting, dividend tracking, stock screening. All these features are automated which means no manual entry is required.
Supplementary Retirement Scheme (SRS) Funds
I have been actively contributing to my SRS funds for the sake of tax relief.
In November, I used the money in SRS to purchase BS23122F 6-Month T-bill and BS23123Z 6-Month T-bill. The cut-off yield for BS23122F 6-Month T-bill and BS23123Z 6-Month T-bill is 3.75% and 3.80% respectively.
In December, I further utilize my SRS funds to purchase BS23125H 6-Month T-bill.
Financial Goals For December 2023
You may be wondering why I write monthly posts about the progress of myself reaching my targeted financial goals. The reason is to track myself and not for the purpose of flaunting my wealth.
Without tracking my progress every month, I will not know if I am saving enough or spending too much. At this moment, I am not comfortable sharing my financial target which is the net worth I am aiming to reach. So, please understand and refrain from asking.
Just to share that there is a lot of discipline involved to contribute part of my monthly salary to my SRS account for tax reliefs, insurance savings and stock investments. I am glad that I achieved this feat in 2023 rather than splurging my monthly wage on luxuries and comfort items.
Last, I wish all of you a Merry Christmas.