Sunday, September 1, 2013

Net Worth Update (August 2013)

Current Net Worth
Assets
Jul-13
Aug-13
Change
% change
Savings Account 1
$2,759.47
$2,706.00
($53.47)
-1.94
Savings Account 2
$3,223.53
$5,116.49
$1,892.96
58.72
Savings Account 3
$25,093.43
$26,325.95
$1,232.52
4.91
Investment Linked Fund
$8,922.62
$8,128.83
($793.79)
-8.90
Schroders Commodity Fund
$9,334.73
$9,722.21
$387.48
4.15
Stock Holdings
$9,680.00
$8,760.00
($920.00)
-9.50
Phillip Money Market Fund
$15,037.05
$15,042.25
$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
$825,050.83
$826,801.73
$1,750.90
0.21





Liabilities




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





Net Worth (including flat to be built in 2016/2017)
$207,550.83
$209,301.73
$1,750.90
0.84
Investible Net Worth
$75,050.83
$76,801.73
$1,750.90
2.33


  • Cash/Cash equivalents increased by $3,077 in August. Total accumulated cash/cash equivalents is now $50,000. However, the drop in the value of my investment assets offset the increase in cash, resulting in a 2.3% increase in overall investible net worth.
  • Value of stock holdings and mutual funds decreased about 9-10% due to lacklustre economic data and the fear of a reduction in quantitative easing in the US.
  • First big hurdle for the markets in September will be the August employment report, which could dictate Fed's decision on the reduction of quantitative easing, which is speculated to happen in September.
  • Commodity fund rose 4% in August due to the conflict in Syria, coupled with the attack on a key pipeline in Iraq that reduced the country's oil exports by 290,000 a day. In addition, protests in Libya and disruptions on key pipelines in Nigeria contributed to the reduced global oil output.