Thursday, January 31, 2013

Net Worth Update (January 2013) - $60k mark

Current Net Worth
Assets
Dec-12
Jan-13
Change
% change
Savings Account 1
$5,225.48
$5,596.71
$371.23
7.10
Savings Account 2
$5,045.70
$5,008.16
($37.54)
-0.74
Savings Account 3
$10,028.20
$11,035.04
$1,006.84
10.04
Investment Linked Fund
$7,475.68
$8,150.06
$674.38
9.02
Schroders Commodity Fund
$10,321.04
$10,485.42
$164.38
1.59
Stock Holdings
$9,365.00
$10,115.00
$750.00
8.01
Phillip Money Market Fund
$7,740.56
$10,004.18
$2,263.62
29.24
Physical cash
$1,000.00
$1,000.00
$0.00
0.00
Market Value Of BTO Flat (to be built in 2016/2017)
$750,000.00
$750,000.00
$0.00
 0.00
Total Assets
$806,201.66
$811,394.57
$5,192.91
0.64





Liabilities




Home Loan
$617,500
$617,500
$0.00
0.00





Net Worth (including flat to be built in 2016/2017)
$188,701.66
$193,894.57
$5,192.91
2.75
Investible Net Worth
$56,201.66
$61,394.57
$5,192.91
9.24

Highlights
  • Received a bursary valued at $2,900 and deposited a large portion of it into the Phillip Money Market Fund (currently yielding 0.5% per annum)
  • 8% increase in value of stock holdings due to the recent spike in Biosensor's share price
  • Expenses for the month totaled to $210 (average $6.80/day)
  • Income from tuition, paid surveys and other part time jobs contributed to the increase in cash
Net worth target of $70,000 by December 2013 is definitely achievable now. In fact, I think my investible net worth will cross the $70k mark by mid 2013. February will be another good month due to Chinese New Year Ang Pows, second disbursement of bursary valued at $400 and a potential contribution from my girlfriend's performance bonus to our joint account.

Lastly, I have updated the "Net Worth", "My Asset Allocation" and "My Stock Portfolio" pages. For your information, I will be updating these pages on a monthly basis.