It has been a long while since the update of my portfolio. My last update was in February 2023 when I reflect about my life and the recent passing of my mum – Portfolio Update: Feb 2023 and Reflection at half-life (hopefully) mark – 40 Years old. I guess it is a good time to do another update.
If we count until end August, below is (which I have shared in Twitter or X earlier) is currently what I have been receiving from Jan to Aug 2023.
It is still a long way to go till my target of $5,000 monthly. I am suffering from the so called “Cash Rot” syndrome where my cash and cash equivalents is still about 50% of my portfolio. As share in my update of my SSB post earlier,
This is the first time in history where there is an unprecedented increase in interest rates by FED within a short span of few months. There will be time lag effect for the hike in rate to affect the market – very likely the coming few months till early Q1 2024. We shall see.
I am hoping for the chance to deploy my cash. But luckily at least now my rotting cash is earning 3-5% every month (SSB, FSM, Treasury Bill, CIMB Fastsaver Promo, Esaver Promo, UOB One, OCBC 360 etc), as compared to the past year period of low interest rate. That period is really the cash rotting period where the interest in bank is so low!
The Change in my Investing Philosophy
I am old already, I want stability and safety in my portfolio. Always manage risk first and make sure I can sleep well.
I didn’t appreciate this when I was younger – I still remembered that I have followed the great broker to buy Healthway last time when I first started investing a decade ago and lost at least 5 digits! I also buy penny stocks, chart here chart there to trade etc.
Nowadays, I simply go for dividend investing in strong companies, index investing in world index and a very small amount in Crypto (because I believe in the potential of Crypto). This is to ensure that I sleep well and use the time in market to my benefit. Ultimately as Warren Buffett has said it
“The stock market is a device for transferring money from the impatient to the patient.”
Be patient my friend.
Of course even if I could turn back the time and tell my young self (or the young people around nowadays) that slow and steady is the way, young people will not believe me and they will laugh at the oldie and say that we are scared of risks, lousy, stupid etc. They are young and believe that they can take risk and grow! Well that’s true too, but better not risk too much till they lose all their strong starting point savings!
I am moving house finally in next year 2024 and will become debt free. After I sell my current flat, the proceeds should be able to cover the full cost of my new flat!
My BTO should be ready in next year Q1 or Q2 2024. Guess this new BTO place?
To many, I am a low SES family. I have no car, live in poor shoebox 4 room HDB flat currently. My main transport BMW – Bus/Bicycle, MRT and Walk! I have no high flying career and is a just a normal person on street.
But, I choose to love my life daily, grow my wealth, treasure the real important thing is life (family, health, time etc). I don’t want to regret my life on death bed and just blindly pursue wealth.
Of course, it is undeniable that (money) is also an important part of to live a life that one want. Striking a balance is not easy and I am still learning.
Hence I write this blog to pen down my thoughts for myself/family as well as sharing my experiences with others. Hope this blog has inspired or help you in one way or another. It is not easy to find tim e
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- 7 Things to consider before buy a dividend stock
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- What is the best investment strategy in the world?
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Money just buy you the chance of freedom but can’t buy back time. In life, there is no reset button. Time is limited but money is not.
When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed (your strong health, time with young child) while busying striking out in career.
Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?
We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.
We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.
Love your life daily. You have one less day with your spouse, parents, children and yourself. Time is ticking away.
Focusing Careyourpresent & living a fulfilling life by supercharging your mind & investment/online income. Careyourpresent Series focus on things that one MUST know in their Life.
- The Best Advice to Parents and Child
- What if Later never come?
- What will you bring with you on your last day on Earth?
- Time is the ultimate currency, not money
- Our Life only have 5 short Days – we should live the best for every day
- Truly understand Living in the Moment now
- 11 Important Unexpected Life and Money lessons to learn from Your Children
- The days are long but the years are short
- Ditch your mobile phone to build real life
- Careyourpresent: Time is the most important
- Careyourpresent: What is your purpose of life?
- Careyourpresent : Greatest Regrets in life
- Careyourpresent : You might not believe it. It’s little unexpected things that make up a real life
- Careyourpresent: Something only happen once in life, if you missed it, it’s gone forever…
- Careyourpresent : Why is Gold useful?
- Careyourpresent: Frozen. Let it go!
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