NOV 2019 NETWORTH UPDATE

Networth = Total Assets – Total Liabilities

November 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 October 2019 and 31 November 2019.

EXPENSES

My expenses went up this month thanks to the awesome deals of 11.11. The discount are really awesome, I can choose not to buy anything. However, I have been waiting for these good deals for quite some time. The things I bought are the things I need and want to use.

The hospitalisation insurance premium is due and it has been paid by both CPF Medisave and cash. I have downgraded my plan from private to the ordinary plan as the price has been increasing like crazy. Currently, the cash portion paid is $273. The original (private hospitalisation plan) was about $700.

Cash inflow is still very healthy for this month despite my higher than usual expenditure. I placed some of the items bought onto interest free instalment plan.

As always, food and transport still contribute to the bulk percentage of expenses.

INVESTING

The US stock market broke a new high but it doesn’t bother me too much. I am trying to deploy as much cash as I can into the stock market (if there are bargains).

I have added StashAway into my Robo Portfolio with the “highest risk level”. It is $10 per month, just to let people know that they can start investing from a very low amount. I am very sure and certain that $10 per month can’t do much in building wealth. A much higher amount is definitely needed.

SPECULATING

This section tracks the return of my forex speculating account. This is a pure speculating play. The year-to-date return is about 31%.

I will be opening another account to trade forex. This is an experiment with a different approach and I have no idea how well or bad it will play out. An update will be provided at the end of the month.

FINAL THOUGHTS

Debt/Networth Ratio: 3.60%
Investment/Networth Ratio: 27.28%
Networth Month On Month Growth: +0.24%

Debt has gone up, but it is very manageable. The pricey things bought will be paid (interest free) over a period of 24 months.

If the speculative play works out, the profits can reinvest into the stock market to provide a more steady growth towards Financial Security (and then to Financial Independence).

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.