Networth = Total Assets – Total Liabilities
October 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 30 September 2019 and 31 October 2019.
EXPENSES
October has been a low expenses month for me. The only significant expenditure is on Medical as I have been in poor health recently. I spent a couple hundred dollars on traditional chinese medicine and will be continue doing so for the next few months.
Food and transport still contributes to the bulk percentage of expenses.
INVESTING
Last month, I mentioned that I seem to be over-focusing on the Shiller PE Ratio for S&P 500. Hence, I am removing it tentatively and shifting my focus to finding bargain stocks instead.
The cash-hoarding problem is still there. My stock portfolio year-to-date return is still way lagging behind the overall broad market index year-to-date return. But I will just stay chill.
I need to be more efficient in deploying these cash to work and these cash will definitely be deployed as I find the suitable and understandable stocks.
Yes, Robo Investing is still boring as it runs automatically through dollar cost averaging.
SPECULATING
This section tracks the return of my forex speculating account. This is a pure speculating play. The year-to-date return is about 30%.
FINAL THOUGHTS
Debt/Networth Ratio: 1.85%
Investment/Networth Ratio: 26.45%
Networth Month On Month Growth: +2.47% (nice steady growth!)
Debt will definitely go up next month as I foresee myself getting some new gadgets in November. It is the 11.11 Sale, and it is time to get some bargains.
I definitely need to work on increasing the Investment portion of my portfolio, to secure some form of Financial Security as soon as possible.
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.