Financial Goals Progress May 2022

Long Term Financial Goal Progress for May 2022

Above is the progress of me reaching my targeted financial goals for May 2022. The total value of my financial assets continued to decline from 60.01% to 59.23%. The main reason for the decline was due to the decline in the value of my stock portfolio. The market sell off continued through the month of May.

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

Insurance Savings

Singlife, DashEasyEarn and Dash PET are alternative to traditional savings accounts whereby I park some cash aside and let them grow.

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 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.

Singapore Savings Bonds

Singapore Saving Bonds continue to be an almost risk free investment. The effective interest rate for SBJUN22 is 2.53% p.a. over a 10 years period. Readers who wanted safe haven or place for emergency funds should consider.

In May, I have collected the following interest payout from the Singapore Savings Bonds that I have bought every month over the years.

  • November 2019 (GX19110F)
  • May 2019 (GX19050A)
  • November 2018 (GX18110Z)
  • May 2018 (GX18050E)

My Stock Portfolio and Dividend Payout

I use Stocks Café to keep track of the total value worth of my stocks.

In May, I have received the dividend payout from ST Engineering, Delfi Limited, OCBC Bank and SPH REIT.

There is an old saying that we should not catch a falling knife. The prices of many stocks continue to decline to attractive level. However, I refrained myself from buying because it is unknown how low the stock prices will go.

Some stocks that I am watching are Mapletree Logistics Trust, Mapletree Industrial Trust and Delfi Limited.


Auto Investing with Syfe

Syfe continue to perform poorly with a time weighted return of (6.27)%. 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 May 2022

Rising interest rates and worries of rising inflation continued through the month of May. The US stock market remains volatile.

As the war between Russia and Ukraine continues, the world food supply chain gets disrupted. An example will be the wheat supply which impacted the production of flour.

Many shops that sell Roti Prata (a local Singaporean Delight) were forced to close because the price of flour soar due to the shortage of wheat.

Earlier this week, the Malaysian Government announced the ban of export of fresh chickens to control inflation. The prices of the feed for chickens also increased due to the shortage of wheat which resulted in the increase in prices of fresh chicken. Similarly to the fate of Roti Prata shops, many chicken rice stalls were forced to temporarily pull down their shutters.

In the midst of volatility, I will continue to hunt for bargain dividend stocks in the stock market.

Let us hope that the war can soon be over!

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