Financial Goals Progress October 2021

Long Term Financial Goal Progress for October 2021

Above is the progress of me reaching my targeted financial goals for October 2021. The total value of my financial assets have increased from 60.36% to 61.40%. The growth is 1.04%. The contribution to the growth is due to the recovery of stocks and extraordinary performance of forex.

What does my financial assets comprise of? The total value of my financial assets comprised of the following:

Insurance Savings

Singlife, DashEasyEarn and Dash PET. I believe you already heard of these accounts whereby they are alternative to traditional savings accounts.

Since the launch of these accounts, I have not seen new player with similar concept. You just deposit money and watch them grow effortlessly.

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 1.70% p.a. for the first S$10,000. The crediting rate for any amount above S$10,000 is 1.20%.

Singlife return is lower at 1% p.a. for the first S$10,000.

Singapore Savings Bonds

There is no Wow factor with Singapore Savings Bonds as I collect my monthly “kopi” money.

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

  • October 2019 (GX19100N)
  • April 2019 (GX19040X)
  • October 2018 (GX18100V)
  • October 2015 (GX15100F)

The effective interest rate of this month’s issue of Singapore Savings Bond (SBNOV21) is giving 1.45% per annum. Readers who wanted safe haven or place for emergency funds should consider.

My Stock Portfolio

I use Stocks Café to keep track of the total value worth of my stocks. I did not make any buy or sell transactions.

Earlier month, I spotted an opportunity whereby the share price of Delfi Limited has fallen significantly from its peak. I tried to make a purchase but seems that I have slow hands and the share price has gone up slightly beyond my bid price.

I shall continue to monitor the share price of Delfi Limited and increase my position at the right price.

Financial Goals Progress October 2021

Auto Investing with Syfe

In May 2021, I started the Core Growth portfolio with Syfe. As of today, Syfe has provided me a time weighted return of 3.96%.

Dividends

This month, there are no dividend payout from the companies that I have in my stock portfolio.

Forex

In October, the Return On Investment (“ROI”) was 29.29%.

Forex ROI October 2021

Summary of Financial Goals Progress October 2021

This month continued to be a difficult time for many. The number of new COVID positive cases reached a new high of more than 5,000 cases with deaths reported occasionally.

COVID positive cases also started to appear in my company but I guess this has became a norm for many companies.

The government announced that tightening measures will continue through November. The number of pax allowed to dine together continue to stay at two. Such tightening measures continue to add stress on food and beverage businesses and more have decided to close their shutters.

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