Friday, May 31, 2013

Net Worth Update (May 2013) - First Milestone Achieved!

Current Net Worth
Assets
Apr-13
May-13
Change
% change
Savings Account 1
$3,029.26
$2,429.26
($600.00)
-19.81
Savings Account 2
$1,525.66
$3,133.53
$1,607.87
105.39
Savings Account 3
$18,567.34
$20,080.16
$1,512.82
8.15
Investment Linked Fund
$8,710.40
$9,126.35
$415.95
4.78
Schroders Commodity Fund
$9,510.86
$9,463.89
($46.97)
-0.49
Stock Holdings
$10,050.00
$10,135.00
$85.00
0.85
Phillip Money Market Fund
$15,020.14
$15,025.34
$5.20
0.03
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

Total Assets
$817,413.66
$820,393.53
$2,979.87
0.36





Liabilities




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





Net Worth (including flat to be built in 2016/2017)
$199,913.66
$202,893.53
$2,979.87
1.49
Investible Net Worth
$67,413.66
$70,393.53
$2,979.87
4.42


Highlights
  • Goal of $70k by December 2013 finally achieved. 7 months ahead of target.
  • Have officially started full time work in May 2013. Estimated monthly savings from now should be around $2000 to $2500.
  • Cash/Cash equivalents exceeded $40,000, constituting near to 60% of my investible net worth.
  • Net worth accumulation is expected to be slightly slower in the coming months as I will be contributing $2000 to my girlfriend's university tuition fees in June/July.