Above is the progress of me reaching my targeted financial goals for April 2022. The total value of my financial assets declined slightly from 60.56% to 60.01%. The main reason for the decline was due to the decline in the value of my stock portfolio. The decline was sparked by the sell off in the US stock market driven by fears of rising interest rates and inflation. Since the trend in the Singapore stock market follows the US stock market, certain stocks in my stock portfolio followed the decline.
Expenses was higher this month due to payment of road tax, higher fuel cost and one off car repair fees as my car broke down.
If you wonder how I compute the total value of my financial assets, they are:
- Insurance savings (NTUC RevoSave, Singlife, Dash EasyEarn, Dash PET)
- Savings accounts (POSB, OCBC, CIMB)
- Singapore Savings Bonds
- Current value of my stocks
- Auto Investing (Syfe)
- Supplementary Retirement Scheme
There is nothing much to update for Singlife, DashEasyEarn and Dash PET. I believe you already heard of these accounts whereby they are alternative to traditional savings accounts.
You just deposit money and watch them grow effortlessly. I have reached the maximum allowed amount of S$20,000 in Dash EasyEarn which is giving me a return of 1.2% per annum.
Dash PET is also giving me 0.70% p.a. for the first S$10,000. You can earn a higher additional crediting rate if you purchase their Add-on Protection.
Singlife return stays at 1% p.a. for the first S$10,000.
Singapore Savings Bonds
Singapore Saving Bonds continue to be an almost risk free investment. The effective interest rate for SBMAY22 is 2.09% p.a. over a 10 years period. Readers who wanted safe haven or place for emergency funds should consider.
In April, I have collected the following interest payout from the Singapore Savings Bonds that I have bought every month over the years.
- October 2019 (GX19100N)
- April 2019 (GX19040X)
- October 2018 (GX18100V)
- October 2015 (GX15100F)
My Stock Portfolio
I use Stocks Café to keep track of the total value worth of my stocks.
In April, I have divested ComfortDelgro and nibbled on Boustead.
Auto Investing with Syfe
Syfe continue to perform poorly with a time weighted return of (5.21)%.
If you want to know more, the Capital Growth portfolio comprises of 69.0% equity, 25.0% Bond, 5.6% Commodity and 0.4% cash.
This month, there are no dividend payout.
Summary of Financial Goals Progress April 2022
Due to rising interest rates and worries of rising inflation, there was massive selloff in the US stock market. In my opinion, the Singapore stock market remains flat and the bull is nowhere in sight.
In April, a piece of good news for all Singaporeans is that COVID-19 measures have been further relaxed. All workers can return to their company to work, no more trace together token required and no more wearing of masks outdoors. This certain brought back some life to businesses as more than 10 pax can now dine together. KTV also reopens which brings back some life to shopping malls.
If nothing goes wrong, I am looking forward to higher DPU over the next quarters from Retail REITs!