Networth = Total Assets – Total Liabilities
The focus of my financial journey is to accumulate cash generating assets that will grow in value and cut down on liabilities, which eventually results in a higher networth.
EXPENSES
This is another low expenditure month. The major expenses are on food, transport. It is also 11.11 when there are major discounts on shopping platforms. I bought some small items at discounted price, which didn’t affect the spending rate too much. It is not that I am practicing some sort of extreme frugality. It is just that external physical things do not really entice me to buy into them, which I feel is quite a good thing after all.
My savings rate for this month is 56.43%.
INVESTING
It is business as usual. For this month, I am buying stocks a bit more. Now the portfolio is 90% equity and 10% cash and this is a nice allocation as for now. The robo-advisor portion is still on automated mode and there is a nice way of passive investing. The two robos, that I am using, are giving me a time weighted return of about 33% and 19% respectively. And these are really decent returns (for almost doing nothing at all). I have also added a new position using my CPF OA money.
The ACWI Year-To-Date return is 10.52% whereas my stock portfolio YTD return is 16.61%.
If you are interested in investing via Robo Advisors, you can take a look here. This is the method to invest consistently and easily. But of course this will come at a small cost. I am doing a weekly contribution to buy stocks in small amount via this method. The Robos being used are Stashaway and Syfe.
SPECULATING
This section tracks the return of my forex speculating account (using algorithm). This is a pure speculating play. The year-to-date return is about -25.83%. In the previous month, the return was -11.38%.
FINAL THOUGHTS
Debt/Networth Ratio: 4.52%
Investment/Networth Ratio: 42.88%
Networth Month On Month Growth: 4.44%
My Debt/Networth Ratio is pretty low and all the debt are interest free. The debt is being paid down slowly and more cash will be freed up.
I will be spending the coming month to plan for the new year, in terms of cash allocation and also further developing my hobbies. Once again, I will like to have some sort of work-life integration or work-life harmony. I want my money to work really hard and also want to sleep well every night. And this is definitely not a dream.
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.