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| 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.
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| 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!
US$ drop is probably only temporary, seems like a good opportunity to pick up some US$ at $1.30 and leave it in fixed income, US$ account to earn interest. Surprised you are not holding gold since you usually calculate your NW with reference to gold. I have a few bars and coins, but nothing substantial.
ReplyDeleteI agree with you on USD. Unfortunately, I have put in a big sum for an investment which is in USD before the drop. So my war chest is empty now.
DeleteThe idea to use Gold as reference is to evaluate the NW in a different measure, not only in currency which tends to depreciate a lot over time. I hold world index which has a bit of Gold. but that is all.