I am 22 this year and about to ord in august. Since 19, I had a goal to accumulate 100k by 29. I gave myself 10 years to reach this goal. In the past few years, I have been working on some part-time jobs and internship. After enlisting, I got a steady income of around $800+ per month and $300 from my parents as allowance. I decided that I would like to save and invest a large portion of the money and live frugally like how I was during my poly time. My goal is to accumulate 50k net worth by ord. Today as of 26/07/2022, my net worth finally hit 50k. I save and invest around 1k per month since I enlisted, for the past few months my net worth has been quite stagnant due to the correction in the market. However, these few days the markets bounced back and right now with the paper profit I hit 50k. Of course, paper profits fluctuate a lot. It might be a short-term thing. What is more certain is my dividends, my dividends from stocks rise from $37 in 2019 to at least 1.2k in 2022(estimated
Bought 1000 more units of prime US reit. Average cost now at 0.79. Beat forecasted Gross Revenue, Net Property Income and Distributable Income for quarter 1 2020. Good news that covid 19 did not impact Q1 that much. I think Covid 19 real impact can only be seen from 2nd quarter and onwards. However, based on the outlook, I think mid - Long term should still be okay. Lastly, the management we are able to refinance loan and were able to save 1 million per year through 2023. I like the management takes the initiative to refinance loan due the the Low interest rate now. Will be holding prime for Long term unless any significant change in fundamentals, will not add more for the time being as it has become my largest holding now .
Comments
Post a Comment