Time flies and it is time for Mid year review again on the goals that I have set for the year 2017.
1. Achieve 15K of Passive Income
I think I am over optimistic on this. Last year, I received a total of S$10,132.04 of dividend income for the year of 2016. I have since divested M1, Sheng Siong, Cambridge Industrial Trust, NeraTel and Far East Hospitality Trust and only bought Capitaland Mall Trust in 2017.
Recently, I bought Tai Sin Electric but added to my wife’s stock portfolio instead thus I shall not count it as part of my dividend income.
Sell Transactions
Goodbye Cambridge Industrial Trust
Far East Hospitality Trust Undervalued or Value Trap?
Buy Transactions
My Personal Analysis of Capitaland Mall Trust
2. Travel to at least 2 countries
I took a short break to Batam (Indonesia) this year. Thus, I have partially met this goal of travelling to at least 2 countries.
3. Drive to Work
I got my new ride! I met the goal of driving to work. Some may think I am wasting unnecessary money by driving to work but do you know I travel 1.5 hours to work daily to and fro? By driving to work, I only spend 30 minutes. Monthly season parking at company cost $120. I estimated monthly petrol cost to be around $200 which is bearable. Monthly car loan installment works out to be roughly S$1000.
Thus, the cost of driving to work is S$1,320 monthly for me. Ouch.
4. Buy Gold
Gold price dropped slightly and bounced back up again. I am not buying gold for investment but just a personal dream to own at least a piece of gold bar in my lifetime. Who doesn’t love gold?
Car as a productive or time saving tool is worth spending
Haha… Gold bar, the only time I held one in my hands was the visit to a retired gold mine in Australia. Even if we get to own a physical gold bar, how liquid is it?
Would you share more about your thought process on buying the car? How about alternatives like motorcycle? Car share? Car pool? Grab?