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 results in higher networth.
EXPENSES
April is the Circuit Breaker month for Singapore. There is minimal travelling and no dining at F&B outlets. Hence, my meal and transportation expenses dropped more than 50%. The biggest spending for the month is a new bicycle that I bought, at $399.
There is a positive net cash inflow of about 45%. This is a very healthy range to be at.
INVESTING
Although the market fell significantly since the start of year, I still find many stocks too expensive for my liking. I did put some money in, but the market had a significant recovery towards month end. I am still waiting for more opportunities. Once again, it is important to stay rational in this volatile market.
The ACWI year-to-date return is -12.72% whereas my stock portfolio YTD return is -1.19%.
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SPECULATING
This section tracks the return of my forex speculating account. This is a pure speculating play. The year-to-date return is about -25.84%.
This portion consists of a very tiny portion of my overall networth. The trading is done automatically and I will not be doing any amendments to the trading system. It has done well in the past. Of course, the past results does not equate that it will also do well in the future. It is still important not to bring emotions into this system.
FINAL THOUGHTS
Debt/Networth Ratio: 3.79%
Investment/Networth Ratio: 27.16%
Networth Month On Month Growth: 4.13%
I have placed some of my insurance plans onto my credit card installment plans (hence the slight increase in debt). All my credit card liabilities on are on interest-free. My cashflow over the coming months will be sufficient to cover the payments.
My CPFIS account is opened and already linked to my brokerage. I am ready to deploy my CPFOA money to invest whenever necessary.
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.