Financial Goals Progress December 2022

Long Term Financial Goal Progress for December 2022

Above is the progress of me reaching my targeted financial goals for December 2022. The total value of my financial assets improved from 61.06% to 61.64%. Based on the full year, the total value of my financial assets grew 3.39% (January to December 2022).

If you wonder how I compute the total value of my financial assets, they are:

Insurance Savings


In this section, let me share on the savings I have related to insurance. Singlife, Dash PET, Dash EasyEarn are alternative to traditional savings accounts whereby they used to offer higher interest rates as compared to traditional bank savings accounts.

The recent interest rates hike have turned the tables around whereby bank savings accounts can offer higher interest than these insurance products.

In December, I have withdrew all my money with Singlife and stashed them into CIMB SGD 12 months Fixed Deposit for an interest rate of 4.15% p.a.

I am currently left with my Dash EasyEarn account whereby it is still earning a miserable interest of 1.2% per annum. I will probably with the money next month and place them with Singapore Savings Bonds or another fixed deposit depending which one offers higher interest rates.

Savings accounts (POSB, OCBC, CIMB)

Financial Goals Progress September 2022

I have recently done another fixed deposit placement with CIMB because the deal is too good to be missed (Refer to: CIMB SGD Fixed Deposit offers up to 4.20% p.a.).

Singapore Savings Bonds

Singapore Saving Bonds continue to be an almost risk free investment. The effective interest rate for SBJAN23 is 3.26% p.a. over a 10 years period.

Singapore Savings Bonds SBJAN23 GX23010Z

Readers who wanted safe haven or place for emergency funds should consider Singapore Savings Bond.

The good thing about Singapore Savings Bond is that you can redeem them anytime because there is no lock in period.

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)
  • September 2017 (GX17090X)

I written 2 guides on Singapore Savings Bonds. Do check them out!

My Stock Portfolio and Dividend Payout

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.

This month, there are no changes to my stock portfolio as I refrain from making any purchases.

In terms of dividends, I have collected the dividend payout from Boustead, Mapletree Pan Asia Commercial Trust, Singtel, Mapletree Logistics Trust, Frasers Logistics and Commercial Trust and ST Engineering.


Technology firms continue their job cuts. I saw many of my friends in the technology sector got retrenched. Technology stocks continue their sell down and that is why the total value of my stock investments declined, dragging the total value of my financial assets.

US Portfolio_202210_October

Summary of Financial Goals Progress December 2022

This is the last month of the year and I am glad the total value of my financial assets grew 3.39% from January to December 2022.

In 2023, the Goods and Services Tax (GST) is going to increase by one percent which means we shall be spending more and less to save. I need to constantly remind myself to be frugal in terms of spending.

This year, my stock investments have not performed well to my expectations. Political tensions, wars and interest rate hikes have shaken the global stock market, making my stock portfolio rock like a boat in the rough seas. I am glad it didn’t sink.

Singapore Savings Bonds and Fixed Deposits are my life savers as this is the first time I saw such attractive interest rates. I do hope these financial instruments which are lower in risks can offer such attractive returns forever as I simply love the passive returns.

Last, I wish all fellow financial bloggers, stock investors, my readers a peaceful and joyful Christmas.

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