Based on my Financial Goals Progress for December 2024, I am glad and humble to share that I managed to grow my financial assets by 14.33% to end the year 2024 at 86.44% as compared to 72.11% in December 2023. This means that I am only 13.56% from the target amount that I have set for myself.
To recap, the total value of my financial assets is based on insurance savings, savings accounts (POSB, OCBC, CIMB), Fixed Deposits, Singapore Savings Bonds, Singapore Treasury Bills, current value of my stocks, and Supplementary Retirement Scheme.
What is my financial goal?
My financial goal to stash sufficient money (target) which can help me to retire early in Singapore. Previously, I have written a post about Financial Freedom versus Financial Independence. Financial goals are objectives that I have set in order to achieve financial success. Setting financial goals is important as it provides direction and motivation for managing money effectively. By establishing clear financial goals, I can track my progress, make informed decisions, and work towards achieving financial stability and security.
What are the changes to my stock portfolio?
I track my stock transactions using Stocks Cafe. In December, Keppel DC REIT launched their Rights issue and preferential offering. As an existing investor, I took up the preferential offer and even applied for excess rights. This is because I wanted to increase my stake in Keppel DC REIT and there is no brokerage fees incurred for application of excess units via preferential offering.
Surprisingly just like CapitaLand Integrated Commercial Trust (CICT), I was allotted all the excess units that I applied for.
Summary of Financial Goals Progress for December 2024
As a hobby, I have started making a few videos about REITs and stock investments in November. Currently, there are only a few videos I made. Do check out and subscribe to my channel here: Sweet Retirement – YouTube.
This year as a blast as I am satisfied that I managed to meet the financial objectives that I have set out for. This includes maximising my contribution to Supplementary Retirement Scheme (SRS) account. Besides getting tax rebates from my contribution, I am also building up my retirement fund whereby I can hope to achieve my objective of withdrawing 20K tax free each year after my locked in retirement age of 62.
Yesterday, I have shared the top 10 financial books to read in December. Some of the titles are interesting and I hope you take a look. Reading improves our investment knowledge.
Last but not least, I wish everyone a Merry Christmas and enjoy the peaceful holidays!