Skip to main content

July 2021 @ Networth Update

It is a month of reflection for 2021 and this is the first year at work that my business unit actually meet the growth target setup. I had worked hard, in fact, so hard that I am contemplating leaving the dream company that I once thought I would stay forever after 6 years.

I have asked for a sabbatical of 6 months (3months if they find me a good role) and would be taking a break in October 1st. Even then, it seems like I couldn't wait to start this break and I suddenly realize the importance of mental health....

Nonetheless, an update on my liquid assets after about 11 months from my last update in Sep'20.

Sep'2020
Net worth = 831,000 
Liquid Assets = 381,000 (cash + equities)
Home equity = 268,000
CPF Ordinary = 30,000 (myself) + 30,000 (wife) 
CPF SA Account = 55,000 (myself) + 55,000 (wife) 
Miles net worth = 800,000 miles = $12,000 SGD

Investment returns (40% YTD)
(1) I have decided to give 30k of profit to my parents, if not Aug'21 liquid asset would have been higher by 30k.
(2) I borrowed 350k from the bank with an interest expense of 3.75k at the end of Apr'22 to buy - 
    a) OCBC 
    b) Capitaland
    c) Kep DC REIT
    d) NVIDIA

Currently, the thinking behind the borrowing was to take advantage of the arbitrage for Capland. thus the biggest holdings above is 250k of capland... and the total YTD profit is 47k (43k ex interest expense).

(3) All the rest of my extra cash has all been invested into NVIDIA

For NVIDIA, I am thinking of selling it at 207.5 post-split. Not sure why, but I think the story is almost over for NVIDIA at the moment as graphics card come back on stock and it should be soon before the growth story deccelerate.

I am slowing diverging into income generation mode rather than growth stocks. Also, I have liquidated almost 75% of my crypto exposure and left with 20k USD in Binance as I am afraid of the regulatory aspect.

Spending:
  • Big expenses coming up due to renovation and I have already spent 5k (paid) via credit card for kitchen appliances... I foresee spending up to another 50k for the renovation.
  • I have also bought a corgi at 8k, but this is funded via Wilmar's investment... which I made 20k from Dec'20 to Apr'21


Aug'21
Husband = $560k
Current equities: $876k 
Current crypto: $28k 
Current liabilities: $354k 
Current cash: $10k 

Wife: $131k
Current equities: $21k 
Current cash: $12k 
Current company shares: $100k 

Total liquid assets: $642k 


CPF OA: 40k x 2 = 80k 
CPF SA: 75k x 2 = 150k 
Total assets: $850k 
Equity value of house: $280k 
Total assets as a coupled = $1,154k

Comments

Post a Comment

Popular posts from this blog

The similarities between the work of an equities analyst and solving a jigsaw puzzle

Yesterday, I went for an interview at a buy-side investment firm and was required to write an essay about the above topic. It was strange considering they weren't asking me more about the technical knowledge regarding finance. There were also a few other applicants applying to Economic Analyst and Quantitative Analyst roles. I saw their test paper, and it was scary. They were filled with plenty of theories and problem sums, and they seem to be solving long equations. On top of that, they both have a PhD from NTU. I guess the competition must be tough out there to work for a buy-side investment firm (albeit a poor cultured company). I've decided to recap what I wrote during the interview as a way to improve my writings. Here we go: Finding, interpreting and imagining The aim of an equity analyst is to understand the business, analyze the financial health of the business and form an opinion about the future of the company. It sounds simple but is easier said than done. It req...
Post a Comment
Read more

Thoughts on the article "American Justice - A plea for change"

It is horrified to know by offering the accused a chance with lighter sentences could lead to plenty of innocent parties serving jail time whereas the offering of a million dollar could land you a bribery case. This is double standard, and I would do the same if I was a co-accused for my self-interest. This is also nothing new since we've most likely learnt about it in game theory. I couldn't help but imagine myself in the shoes of innocence behind bars for 20 years. Who did I offend to have such fate laid upon me? Obviously, the government owes me and I ought to be given a large sum of money to compensate for the love lost, the pleasure I could’ve derived (taking note that if pain is a negative feeling and love is a positive feeling, they should return me 2x more pleasure and love) and, the dreams and money I would have made. It is so unfair! So what exactly is the plan (after releasing) for the wrongly accused? A quick search on Google reveals that the country will p...
Post a Comment
Read more

Sep 16th @ Network Update

Life has been less busy compared to the 1st 6 months of the year. It is still busy nonetheless except that the pace at work has slowed down comparably vs. last year. It is also good that I received my first variable bonus for the first time in 5 years at P&G. It is small though, at roughly about $5k, and am awaiting that coming into my account :)  To recap: May'2020 Net worth = 781,000 Liquid Assets = 335,000 (cash + equities) Home equity = 268,000 CPF Ordinary = 30,000 (myself) + 30,000 (wife) CPF SA Account = 55,000 (myself) + 55,000 (wife) Miles net worth = 450,000 miles = $8,600 SGD Sep'2020 Net worth = 831,000  Liquid Assets = 381,000 (cash + equities) Home equity = 268,000 CPF Ordinary = 30,000 (myself) + 30,000 (wife)  CPF SA Account = 55,000 (myself) + 55,000 (wife)  Miles net worth = 800,000 miles = $12,000 SGD Networth should increase by another 15k by end Sep when i received by bumped up pay but for the time being i am not counting it in. It looks on t...
1 comment
Read more