SRS account usage

 

TBH I started late on SRS, was so ignorant back then. So far, I have contributed max $15.3k per year since 2019, so total 4 times. Will continue to do so for 2024. The tax savings are significant for my situation, and its a no brainer

I had tried to buy SSB with the SRS funds, but finally decided to consolidate by only using SRS to buy STI index fund ES3. No specific reason, but just for simple administration of my portfolio. As long as it is ES3, it is funded by SRS. This sort of allows me to continually pump into STI ETF over time. 

If I decide to stop work for entire 2025, then I may not add more to SRS since there are no income tax benefits. And that means my ES3 accumulation would pause or even stop. I'll just reinvest the ES3 dividends back to ES3 then

CPF balances 14 Oct 2024

 

The small bump up was from my final salary input as it included amounts from encashment of unused vacation days. 

So, my OA has $1400 deducted per month as part of mortgage, which means this can last 20 months before I need to pay that in cash. 

We'll see if I find a job or retired by then hahahaha. 

Getting comfortable without a salary from working

 Not sure if I am there yet. Basically I am effectively drawing down my cash each month, primarily due to 2 things : mortgage and income tax

mortgage (after CPF) is about $9k per month

income tax is about $5k per month

My investment cashflow covers all my other expenses, including utilities, groceries, handphone/internet bills, insurance, property taxes, condo maintenance fees, personal spending.

With some input from wife who is still working, I am still out of pocket by almost $11k per month. 

She will continue to be able to save a decent sum per month and I'll let her grow that and managed it for her via safe investments.

Am I comfortable? Not really. I will if I am not out of pocket per month.

If I really stop working for good, the income tax amount will go to $0 after 2025. So only mortgage left

We can pay off the mortgage but I think I said before, it doesn't make sense since it's our home and we will be locking the money up with little leeway to do other things.

So I think it all depends on how my stocks performs by end of 2025. 

But meanwhile, will continue to keep healthy, enjoy life, continue investing, continue keep mind sharp, eyes open for jobs, and get my coding training done. 

Will of course continue to worry, but it should be positive stress that pushes me in positive way, nothing negative. It may seem scary, but its not actually. I am getting the hang of enjoying life without needing to report to any boss, or manage any deadlines. Life is good!! Wish myself success!! lol

Portfolio for SG market still above the feel good SGD 1M threshold. 

CDG cash growth

These are my own research from reading news and financial reports of CDG. It is for my own reference only and I am not responsible for any investment gains/losses made if you decide to reference this information.

CDG recent acquisitions

CMAC S$136M https://www.theedgesingapore.com/news/ma/comfortdelgro-acquires-uks-cmac-group-gbp802-mil

A2B S$146M https://www.theedgesingapore.com/news/company-news/comfortdelgro-expands-footprint-australia-a1651-million-a2b-acquisition

 Net cash that CDG has

Jun 2024 = 201.5M (increased in borrowings to fund acquisitions CMAC and A2B)

Dec 2023 = 497.5M

Dec 2022 = 653.4M

Dec 2021 = 519.8M

Dec 2020 = 190.5M

Dec 2019 = (40M)

Dec 2018 = 16.2M

Dec 2017 = 273.9M

Dec 2016 = 434.2M

Dec 2015 = 229.2M

Dec 2014 = 88.7M

Dec 2013 = 22.7M

MRT service disruption in Sep 2024 for EW line

Ah green line, the OG MRT that I know as a kid, it's the first time in my life I rode a train. 

While it's unfortunate that the incident happened, I am glad no one was hurt. Well, maybe inconveniences and anxiousness for some kids taking PSLE, but I think they are taken care of. 

Kudos to the engineers and workers who toiled over last 6 days to get this fixed and retested, to allow safe restoration of services.

https://www.channelnewsasia.com/singapore/east-west-line-mrt-jurong-east-buona-vista-train-resumes-service-4649591

Uncle Target Price for some counters

 Please do your own homework. Don't take these values and use them without using your own brain. I put them here for my own record purposes as uncle is very forgetful. But Uncle is definitely using these values as a gauge on whether I should continue to accumulate these counters 

Target prices at end of rate cut (maybe 2026?)

Ascendas REIT $2.90

Capitaland CICT $2.15

Capitaland India trust $1.35

Capitaland China $1.03

FCT $2.40

MapleTree Log Trust $1.80

Netlink Trust $1.06