I deployed my war chest into Frasers Centrepoint Trust (FCT) today. My order of 4,000 shares of FCT at $2.12 was filled this afternoon to increase my stake to 12,000 shares. In Feb 2024, Frasers Centrepoint Trust (FCT) has issued 71.4m shares at $2.18 from private placement to raise funds of $200m to partially fund a 24.5% stake in Nex by acquiring from its sponsor, Frasers Property.  This was a strong diversification and consolidation move to cement FCT's position as heartland mall king in Singapore. After the acquisition, FCT effectively owns 50% stake of NEX and is now t ..read more

    I FOMOed at the last chance to buy DBS (SGX:D05) to qualify for 1-10 bonus share which will XB on 22 Apr 2024. Hence I decided to add some more shares as its share price corrected today. There it goes. My order is filled at $35.61. My last nibble was in Feb 2024 at $32.38 My initial purchase was in June 2023 at $30.80. This addition will bring my holdings to 910 shares, positioning for 91 free shares and 1,001 shares in total after ex-bonus. Technically I am averaging up because I added shares at a much higher price compared to previous purchases. Considering the 1-10 bonus ..read more

      My net worth rises 2.3% to S$1.625m after collection of bonuses, salary and the recovery of some Reits in my investment portfolio. My CPF surpasses $600k milestone and constitutes the bulk 37% of my net worth. Full retirement sum (FRS) is achieved in 2022. Cash and war chest form 17% of my wealth. My cash is locked up in bank fixed deposits yielding more than 3% p.a., and stashed away in Fullerton cash funds under custody of Moomoo and Tiger Broker yielding more than 3.5% p.a. with interest paid daily. My bonds consist of Singapore Savings Bonds ($140 ..read more

  I am glad to share a financial achievement - my CPF savings recently surpassed the $600,000 mark! This is a significant milestone as it highlights years of grinding, toil and saving, leveraging the CPF system and prioritising retirement planning. Today, I want to share my personal journey to this milestone, offering insights and tips that might help you on your own path to CPF success. Planting the Seeds of Saving Early Financial literacy was not a prominent theme in my childhood. However, my parents instilled in me the value of hard work and responsible spending. This naturally tran ..read more

Time flies. The first quarter of 2024 has come to an end for me to update my investment portfolios. My SGX Income Portfolio value rises to $347k from $340k.  My US/HK Growth Portfolio value inches up to US$17.7k. My SRS Ultra Long-Term Portfolio value increases to $159k from $147k mainly due to my contributions and capital appreciation of OCBC. The US stock markets have attained fresh record highs amidst uncertainties over interest rates, ongoing wars and diminishing fears of global recession. US 10-year and 30-year government yields have rebounded slightly and the Federal Reserve is expe ..read more

  The first quarter of 2024 is on the brink of ending. While I am grateful to be a wage slave having collected 3 months of salary from work, I am actually not happy because active income is derived from trading time for money, seeing bosses' faces, dealing with crappy work portfolios and worse of all, taking a toil on my mind, soul and body and being taxable. Real joy emanates from passive income streaming into our bank accounts automatically from doing nothing, other than owning a tiny piece of income-producing cake such as properties, businesses, REITs or stocks. For Q1 2024. my passive ..read more

  For the past 2 weeks, I have been battling with my mobile phone by twisting the USB-C cable and tilting phone position in order for it to be properly charged. Since yesterday, I have sent the phone for diagnosis at Xiaomi service centre and 2 reputable mobile phone repair specialists. They all concluded that the issue lies with the motherboard, not charging port nor battery. It is not cost effective to replace the motherboard with a low chance of recovering back the data. This budget Xiaomi Pocophone M4 Pro finally died today as it could not properly channel electric charges anymore ..read more

     S$1.587m My net worth stagnates at S$1.587m as my Reits-heavy investment portfolios took a beating due to market expectation of prolonged high interest rate environment. CPF still forms the bulk 37% of my net worth. I have already achieved full retirement sum (FRS) in CPF SA. Cash and war chest constitute 16% of my wealth. My cash is being stashed away in bank fixed deposits yielding more than 3% p.a., in Fullerton cash funds under custody of Moomoo and Tiger Broker, and in Money Market Funds held by Phillips Capital yielding more than 3.5% p.a. with interest paid d ..read more

I have completed the annual contribution of $15,300 to my Supplementary Retirement Scheme (SRS) account today. This feat is achieved before end of 1Q 2024 and now I can focus on building up war chest and long-term investment for the rest of the year. The main benefit of SRS is to save taxes aka cash outlay to the taxman next year. Another benefit is to build up a cannot-touch ultra-long term portfolio using SRS funds. There are also other options of endowment or insurance plans, annuity plans, bonds, funds or robo-advisor investment portfolios that we could invest with SRS funds. However, S ..read more

This is a quick update of my investment portfolios for this short month of February. My SGX Income Portfolio value rises to $340k from $328k mainly due to capital injection for scooping up MPACT, CLCT and nibbling of DBS. My US/HK Growth Portfolio value stagnates at US$17k. My SRS Ultra Long-Term Portfolio value increases to $147k from $139k mainly due to my contribution of around $7.5k to SRS. The US stock markets have attained fresh record highs before recent retracement, amidst uncertainties over interest rates, ongoing wars and diminishing fears of global recession. US 10-year and 30 ..read more