Networth = Total Assets – Total Liabilities
September has come to a completion. It is time for a financial health check up!
The growth percentage is calculated using the difference between the networth figures on 31 August 2019 and 30 September 2019.
EXPENSES
My expenses for last month went through the roof and surprising, expenses for this month is at the minimal. There is no big ticket item purchases. It is the usual expenses, with food and transport (53.36%) contributing to the bulk percentage of expenses.
INVESTING
Shiller PE Ratio for S&P 500 is now 28.97, lower than previous month’s ratio of 29.32. It is declining. However, during the recent months, I am starting to wonder if I am placing too much emphasis of the over-valuation of of the US market.
There are some cheap stocks here and there. But I am not too interested in them. Hence, I am just waiting and waiting for the right stocks to come by, at the right price. This contributed to a cash-hoard and a drag in returns.
My stock portfolio year-to-date return (about 1%) is way lagging behind the overall broad market index year-to-date return. But I am fine with that as I am not investing for a 1 year period.
As usual, Robo Investing is still as boring as watching paint dry.
SPECULATING
I am adding this section to track the returns of my forex speculating account. This is a pure speculating play. A lot of effort has been put in to test this idea over the past few years.
The speculating account year-to-date return is about 42%.
FINAL THOUGHTS
Debt/Networth Ratio: 1.89% (dropped from 2.12%, awesome!)
Investment/Networth Ratio: 27.02% (dropped too, no good!)
Networth Month On Month Growth: +2.48% (nice steady growth!)
I have been talking about getting a new phone for months but still have not get one as my current phone is still working perfectly fine. Debt will go up only if I suddenly buy some new devices like a laptop or camera.
The 3rd quarter of 2019 has ended and I am pleased with how I handle my finances so far. I am very glad that no money has been wasted on buying dumb stuff.
Thanks for reading.
Disclaimer: www.engboonhow.com is an opinion based website. I am not a financial advisor, and the opinions on this site should not be considered as financial advice.