Above is the progress of me reaching my targeted financial goals for July 2022. The total value of my financial assets fell slightly to 62.66%.
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
Insurance Savings
Singlife, DashEasyEarn and Dash PET are alternative to traditional savings accounts whereby I park some cash aside and let them grow.
Despite banks increasing their interest rates, there are no news from Singlife, DashEasyEarn and Dash PET on any revision of their interest rates.
The current crediting rate for Dash EasyEarn is 1.2% per annum. The crediting rate for Dash PET is lower at 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.
Savings accounts (POSB, OCBC, CIMB)
In June, I have took opportunity of the rising interest rates and placed a 12 months fixed deposit with CIMB.
CIMB had another fixed deposit promotion at 2.3% p.a. Since I still have cash on hand that I will not be using, I took the plunge and placed it on a tenure of 18 months.
Singapore Savings Bonds
Singapore Saving Bonds continue to be an almost risk free investment. The effective interest rate for SBAUG22 is at 12 months higher at 3.0% p.a. over a 10 years period.
This month issue of Singapore Savings Bond was oversubscribed and you can find the results here. Readers who wanted safe haven or place for emergency funds should consider.
The good thing about Singapore Savings Bond is that you can redeem them anytime because there is no lock in period. I have redeem the following Singapore Savings Bond so that I can purchase next month’s issue at higher interest rate.
- August 2019 (GX19080E)
- September 2019 (GX19090H)
- October 2019 (GX19100N)
- November 2019 (GX19110F)
- January 2020 (GX20010T)
- February 2020 (GX20020V)
- March 2020 (GX20030Z)
In July, I have collected the following interest payout from the Singapore Savings Bonds that I have bought every month over the years.
- July 2018 (GX18070N)
- January 2019 (GX19010T)
- July 2019 (GX19070W)
- January 2020 (GX20010T)
My Stock Portfolio and Dividend Payout
I use Stocks Café to keep track of the total value worth of my stocks.
This is a dry month and there are no dividend payouts. However, many REITs in my portfolio are announcing their quarterly results. Thus, I am expecting to collect some dividend in August.
I nibbled some of Delfi Limited, increasing my allocation of Delfi Limited to 4.16%.
There are no changes in my US stock portfolio.
Despite the Fed increasing their interest rate again this month, the US stock market seem bullish and the stock prices of some technology stocks soar 5 to 10%.
Auto Investing with Syfe
Syfe continue to perform poorly with a time weighted return of (6.90)%. This is because the portfolio I chose is heavy weighted on Equity. When tech stocks in the China and US market crashes, it is expect they will drag equity markets down.
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.
Summary of Financial Goals Progress July 2022
Despite the Fed increasing interest rates again and again, inflation seems to remain uncontrollable. The stock market also remains bullish, driving stock prices of technology stocks upwards.
As such, I remain cautious not to add additional stocks to my US stock portfolio.
I hope there is still some volatility in the Singapore and US stock market in the upcoming months so that I can pick up more great stocks at great prices!