Seventy Four Percent Invested, Twenty Six Percent Cash

My cash holdings versus total amount invested fell from 28% in December 2017 to 26% in current month February 2018. I attributed the decrease in cash as I invested S$3K into the Ethereum mining rig that I have self build last month ( My Sweet Retirement Builds A Cryptocurrency Mining Rig ).

In the month of January 2018, I contributed S$500 to my SRS account. This is inline with the goal that I have set for myself in the year 2018. I tell myself I have to be discipline and not top up my SRS only at the end of the year. The purpose is to reduce the income tax I have to pay in 2019. Today, I read in the news that we can soon use our SRS to purchase Singapore Savings Bond. I am not sure if that will actualize but I am looking forward to it.

With less cash on hand, I have to be very selective in my deployment of cash into investments. Chinese New Year is a few days away and I am expecting more “damages” due to the Chinese customary of giving red packets to parents, grand parents, my own children and relative’s children.

There are some good opportunities in the stock market now such as Singtel (My Personal Analysis of Singtel). As I did not have enough cash for deployment, I added Singtel to my spouse’s stock portfolio. She paid for it herself using the cash she held on hand when she sold off the unit trusts she bought many years ago. Singtel will definitely give a better dividend yield of 5.19% as compared to the unit trusts she held.

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