Sunday, December 30, 2012

Net Worth Update (December 2012)


  • Paid the downpayment (5% of purchase price) and stamp fees for my HDB BTO flat. Depleted my CPF Ordinary Account and used up about $1000 of cash.
  • Starting from this month, I will be including the equity value of my HDB BTO flat (to be built in 2016/2017) in the net worth calculation. However, this value will not be realized until I fulfill the Minimum Occupation Period in 2021/2022. So for this reason, we should focus on 'Investible Net Worth' which excludes the home equity.
  • Sold 2000 shares of  STI ETF at $3.18. Sale proceeds are transferred to 'Phillip Money Market Fund'