Considering that it is going to be quite awhile before I am able to draw my CPF, I will not be including it in my current calculation. So I will be including my stock holdings and cash holdings.
*Stock Holdings:
Allocation of Stock Holdings |
As you can see in my portfolio, I am currently holding 7 stocks. The proportions are pretty equal as I try to spend around the same amount for each except for maybe Amara, which was what I bought into when I just started investing so I only bought a small proportion of it. Design studio is the next smallest due to the recent profit guidance that was released making it's share prices plummet. Overall, I think I will be stopping at 7 stocks and like what I have wrote in my previous post, I will be investing more into the STI ETF so I have been building up my cash holdings. Total value of my portfolio now stands at $5935.94 and my current cost is $6078.912, in the red right now without including my dividends. Hoping to definitely build this up over time
Current Cost and Value of Stock portfolio |
*Cash Holdings:
For most of my cash holdings, I put them in a CIMB FastSaver Account earning 1% per annum and I also placed some in Singapore Savings Bond - Dec 2017. The rates for the SSB -Dec 2017 which i have placed $2000 in would have an effective return of 2.16% if I were to hold it for 10 years. I also have a POSB and UOB aacount but both has only a little above the minimum sum as I just keep them as spending and Giro accounts to pay my bills.
Effective Return for SBDEC17 |
Cash on Hand |
As of now, my total current cash and stocks value are standing at $19014.85. I have managed to earned this amount from part-time work, internships and angbaos. So i definitely hope to increase it in the near future like maybe to move to a saving account that can provide me with higher interest rates.
*Accurate as of 18/03/2018