Above is the progress of me reaching my targeted financial goals for December 2021. The total value of my financial assets have increased from 62.07% to 62.47%. The growth is 0.40%.
What does my financial assets comprise of? The total value of my financial assets comprised of the following:
- 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)
- Forex
- Supplementary Retirement Scheme
Insurance Savings
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 1.70% p.a. for the first S$10,000. The crediting rate for any amount above S$10,000 is 1.20%.
Singlife return is lower at 1% p.a. for the first S$10,000.
Singapore Savings Bonds
There is no Wow factor with Singapore Savings Bonds as I collect my monthly “kopi” money.
In December, I have collected the following interest payout from the Singapore Savings Bonds that I have bought every month over the years.
- June 2019 (GX19060S)
- December 2018 (GX18120X)
- June 2018 (GX18060H)
The effective interest rate of this month’s issue of Singapore Savings Bond (SBJAN22) is giving 1.78% per annum. Readers who wanted safe haven or place for emergency funds should consider.
My Stock Portfolio
I use Stocks Café to keep track of the total value worth of my stocks. I did not make any buy or sell transactions this month.
Auto Investing with Syfe
This month, I topped up my Syfe account. To be honest, this is the second time I did a top up since I open my account in May.
As of today, Syfe has provided me a time weighted return of 5.17%.
Dividends
This month, I received the dividend payout from Parkway Life REIT and Frasers Logistics and Commercial Trust.
Forex
In December, the Return On Investment (“ROI”) was 32.54%.
Summary of Financial Goals Progress December 2021
This is the last month of the year 2021. The total value of my financial assets grew from 50.73% at the start of the year to 62.47% at the end of the year.
This is an annual growth of 11.74% which I believe should have beaten inflation.
How much did your net worth or financial assets grow this year?