2024 Year-End Summary — Financials

From Author

Dear Readers,

Thank you for coming here! 

Here is a quick summary of our 2024 from the perspective of financials.

Overall, 2024 is pretty ok for us.

1. We had pretty good TNW increment, above 40/40, but still have a lot of room before hitting 80/40.
2. Our investment portfolio recovered reasonably well in the year, even though we are still in the red. Of course I could have done much better if I had just sticked to the simple strategy.
3. Our flat had good appreciation as well.
4. In comparison, our employment income, especially mine, did not perform as well.
5. Interestingly, our total net-worth in terms of Gold is lower than Dec 2023. So measured in Gold, we are even poorer after a full-year's hard work.

Going into 2025, I need to sort out a few key items that could potentially move the needle big time, but overall I am hopeful.

We will continue the march towards 80/40 in 2025!

Last but not least, a huge thank you to all my readers! Wish you Merry Christmas and a Happy and Prosperous 2025!

Photo by Carson Arias on Unsplash

Till next time!!!

Monthly Net-Worth Update — Dec 2024

Photo by Morgan Housel on Unsplash

Dear Readers,

Thank you for coming here! 

Time flies!! 2024 is almost gone! Looking forward to 2025!

Here comes the snapshot of our Total Net-Worth for Dec 2024.

Net-Worth increase from last month: +105K SGD, +0.93KG Gold

The increase was a combination of salary and bonus, stock market recovery, appreciation of our flat and exchange rate. 

Our net worth, in terms of Gold, had another positive change, partly due to the slight decrease of Gold price.

Photo by 金 运 on Unsplash

Investment: -1.84% annualized return, incl. dividend

For the 1st time since Mid 2021, our annualized investment loss has reduced to within -2%. We have seem the light at the end of the tunnel. 

Since we have low confidence of our ability on active investing, we will stick to patience and let time work its wonders. 

This of course means that the return of our portfolio will depend on the market performance. But secretly, I hope we can break into positive return territory within 2025.

Also stay tuned for the year-end summary which is coming soon.

Till next time!

Monthly Net-Worth Update — Nov 2024

Photo by Morgan Housel on Unsplash

Dear Readers,

Thank you for coming here! 

Here comes the snapshot of our Total Net-Worth for Nov 2024.

Net-Worth increase from last month: +77K SGD, +1.02KG Gold

The increase was a combination of salary, stock market recovery, appreciation of our flat and exchange rate. Stock market performance was mixed, but net was a bit positive.

Our net worth, in terms of Gold, finally had a positive change after a while, partly due to the fall of Gold price.

Photo by 金 运 on Unsplash

Investment: -2.19% annualized return, incl. dividend

The road to recovery is still long.

Till next time!

Monthly Net-Worth Update — Oct 2024

Photo by Morgan Housel on Unsplash

Dear Readers,

Thank you for coming here!

Here comes the snapshot of our Total Net-Worth for Oct 2024.

Net-Worth increase from last month: +90K SGD, -0.94KG Gold

The increase was a combination of salary, stock market recovery, appreciation of our flat and exchange rate.

For Gold, the price is just flying. We cannot keep up with it.

Photo by 金 运 on Unsplash

Investment: -2.39% annualized return, incl. dividend

Last month was pleasant, but the road to recovery is still long.

Till next time!

Monthly Net-Worth Update — Sept 2024

Photo by Morgan Housel on Unsplash

Dear Readers,

Thank you for coming here! 

Welcome to the end of Q3 of 2024. Time flies!

Here comes the snapshot of our Total Net-Worth for Sept 2024.

Net-Worth increase from last month: +57K SGD, -0.48KG Gold

The increase was a combination of salary, stock market recovery and appreciation of our flat. 

In terms of Gold, Gold price has gone up faster than we could save. Just worth less and less Gold.

Photo by 金 运 on Unsplash

Investment: -3.42% annualized return, incl. dividend

The road to recovery is still long.

Till next time!

Monthly Net-Worth Update — Aug 2024

Photo by Morgan Housel on Unsplash

Dear Readers,

Thank you for coming here! 

Here comes the snapshot of our Total Net-Worth for Aug 2024.

Net-Worth increase from last month: -10K SGD, -0.82KG Gold

The decrease was mainly due to the USD exchange rate drop vs SGD.  

In terms of Gold, we have been doing quite badly because of the price hike in Gold and our portfolio does not include Gold.

Photo by 金 运 on Unsplash

Investment: -3.84% annualized return, incl. dividend

Not surprisingly, investment loss kept growing.

The road is still long.

Till next time!

Monthly Net-Worth Update — Jul 2024

Photo by Morgan Housel on Unsplash

Dear Readers,

Thank you for coming here!

Here comes the snapshot of our Total Net-Worth for Jul 2024.

Net-Worth increase from last month: +38K SGD, +0.07KG Gold

The increase was mainly due to increase in property value and salary, offset by stock market loss and the appreciation of SGD vs other currencies.

In terms of Gold, the price has increased a bit, basically offsetting the SGD gain.

Photo by 金 运 on Unsplash

Investment: -3.73% annualized return, incl. dividend

Absolute loss increased a bit this month, basically just in the last couple of days.

The road is still long.

Till next time!