We are 3 months before ending the year 2024 and I am on track to grow my financial assets based on my Financial Goals Progress for September 2024! The total value of my financial assets increased from 80.20% in August to 82.61% in September. Again, the increase was largely attributed to the growth in total value of my stock portfolio. This is because the Fed cut rates by 50 bps which sent US stocks and Singapore REITs rocketing.
On the other end, the interest rates for Fixed Deposits, Singapore Treasury Bills and Singapore Savings Bonds have fallen. I am lucky to have locked in some of the rates above 3% p.a. in the previous months. These are very low risks investments, and I encourage you to park your extra cash into them.
For the benefit of new readers here, I have set myself a financial goal to stash sufficient money (target) which can help me to retire early in Singapore. 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.
How Did I Grow My Money?
If you had followed my posts, I am discipline in terms of my investments and routinely park my extra money such as fixed deposits, Singapore Treasury Bills and Singapore Savings Bonds. Earlier this week, I exercised my rights and applied for excess on CICT Preferential Offering. For seasoned investors, you know that this is an opportunity not to be missed.
In terms of stock investments, I do not buy when everyone is buying. Instead, I buy stocks and REITs when everyone is panic selling. Of course, I do my own analysis prior to purchase. As the old saying goes, “Do not catch a falling knife”.
Updates to My Stock Portfolio
In September, there aren’t any changes to both my Singapore stock portfolio and US stock portfolio. At this point of writing, the results of the preferential offering for CICT have not been announced. Thus, I am not able to predict how many units I will be allocated. You can refer to what stocks I have in my stock portfolio here.
Summary of Financial Goals Progress for September 2024
I am trying to accumulate Sheng Siong but the current price isn’t right. The current dividend yield is not excellent, but I have strong believe that the company will be able to grow its business and increase its payout year-on-year.
On a last note, I believe my expenses in the upcoming months will go up as we are nearing the holiday season. There will be increase spending on gifts and celebrations.
I am looking forward to end 2024 with a Big Bang. Are you excited?