Progress towards my first $100K

We all have goals and from my previous post about my total assets being over $10 000. My next goal will be to reach $100 000.

Read more: Portfolio review - Breaks $10 000! and dividends received in March 2019



$100 000 is a rather huge sum and it definitely is substantial to make a difference in your life.

Read more: My Financial Goals - Is $100 000 in 7 years possible?

For now, I would say that I am on track to this goal of $100 000 by the time I am 30 years old.

Currently,

• Cash on hand: ~$12 000
• Investments (stocks): ~$10 000
• Savings plan (NTUC income - Revosecure): ~$7000

Total: ~$29 000



Read more: Savings plan - Yes or No

With reference to my goals, I am on target but of course, for Revosecure, which I bought from NTUC income would only be able to cash out when I am 31 years old.

But I still consider it as part of my savings. Anything can happen over the next few years and it can help me reach my goal faster or it might disrupt it too.




I realised that I am not really maximizing my cash on hand but with the recent market instability due to the trade wars, I am hoping to get a chance to deploy my cash into the market for it.

My income is not high so my savings rate though is quite high but the building up is slow. Hope to be able to increase my income in the near future.

But of course, I got to learn all I can in my current job first.

Have a great rest over the long weekend everyone!

April 2019 Portfolio Review and Dividends Received

April was a pretty good month, my portfolio is still in the red but the losses has reduced.

My portfolio currently has a loss of about 7.5% excluding dividends.



I have a RSP set up with $200 buying G3B. For this month, 58 units of G3B was added to my portfolio. 

No dividends received this month. For the month of May, dividends would be coming from Tai Sin Electric, SGX and First REIT.

2019
Month	Dividends Collected
January	52.87
February	64.5
March	51.81
April	0
May
June
July
August
September
October
November
December

--> Current portfolio has a value of about $11,019.56 Total dividends received till date: $616.13 Time flies, we are almost at the mid point of 2019. Hope to build up my cash/ warchest for purchases to build my portfolio up.