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
At the end of the last trading day of 2020. My portfolio Time-weighted returns for 2020 is 0.08 percent behind ES3. With a capital gain of $84.09(0.49%) and total returns(including dividends) of $585.79 (3.42%) Personally, I feel that my portfolio returns are not that good since I am still lacking behind the sti mainly due to the positions that I built before covid. During 2020, I added UOB, CICT, STE, Prime and Koufu. I am currently looking at insurance companies like UOI and GE. I like the strong asset and recurring income that insurance companies have and expecting to see their investment income increases due to the rise in equities prices. Besides insurance companies I am also watching Ascendas reit and other industrial reit. Currently they are giving around 5% yield which i think is reasonable but hoping to get a higher yield if there is a drop market. I am also watching CRCT , I would like to participate in the China martlet through a reputable management like CapitaLand and CRC
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