Summary for November 2018

It has been a roller coaster ride for the Singapore stock market this month.  Investors seem to be swinging from optimism to depression depending on what is the favourite news of the day.  I didn't do a single stock trade, even though I was monitoring the market everyday.

1.  I subscribed for this month's Singapore Saving Bond GX18120X.  I was surprised to get my full allocation of $20,000.  At an average yield of 2.57% per annum, I thought there would be more people subscribing for this issue. 

2.  A few days ago, our financial advisor had informed us about Singlife's new 3-year endowment tranche (link).  The yield is a compounding 3% per annum.  Sadly, Singlife only allowed a maximum investment of $6,000 per person.  My wife and me decided to grab the opportunity, even though our budget was a bit stretched.

3.  One of our insurance agent friends informed us about an upcoming Great Eastern endowment policy, with a guaranteed payout rate of 2.2% per annum.  However, my kiddo's endowment policy premium is due next month, I have to set aside cash to pay for it.  Hence, we decided to give this opportunity a miss.

One more month to go before the year ends.  Some major cash outflows coming up in December (and it is not because of Christmas.)

Till next time!

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Singapore Savings Bond GX18120X

I have successfully redeemed my April 2018 Singapore Savings Bond (SSB).  The average yield over ten years was 2.31%.  I have decided to use the money and subscribe for this month's SSB (code: GX18120X).  The average yield is higher at 2.57%.

If you are wondering how to forecast the average yield for next month's SSB, you can refer to the MAS website (here).  Simply download the daily 10-year bond yield for the latest month.  Next month's SSB yield will be the average of these values.

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Taking a Hard Look At Myself

This is a blog to track my progress towards building a comfortable retirement nest egg.  Here is a look at my stocks and savings portfolio so far (as of 28 Oct 2018):


Cash Portfolio

Equity  (Stock  /  # Shares)
AIMS AMP Capital Industrial REIT  /  2,150

Fixed Income  (Security  /  Amount)
S'pore Savings Bond GX18070N  /  $12,500
S'pore Savings Bond GX18080F  /  $15,500
S'pore Savings Bond GX18090T  /  $20,000
S'pore Savings Bond GX18100V  /  $16,000
Hyflux 6% Perpetual Security  /  $5,000 (defaulted)
Maybank fixed deposit  /  $54,000
Etiqa eEASY Save  /  $45,000

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SRS Portfolio

Equity  (Stock  /  # Shares)
Capitaland Commerical Trust  /  3,000

Frasers Centrepoint Trust  /  3,000
Frasers Commercial Trust  /  2,369
SembCorp  /  2,000
Singtel  /  2,000
Keppel Corp  /  1000

Fixed Income  (Security  /  Amount)

Great Eastern GREAT220  /  $50,000

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Remarks:

I made a mistake investing in the Hyflux perpetual security.  I was quite concerned with the company's high debt amount during the IPO, but my greed got the better of me.  Now the security is in default.  *sigh*

I am in the midst of redeeming S'pore Savings Bond GX18040W, which I did not include in the above table.  The amount invested was $20,000.  If my calculation is correct, the average yield for next month's SSB should be high (approx. 2.57%).  I intend to subscribe for that SSB.

I did not include my rainy day savings in OCBC 360 account ($70,000).  I also did not include those bank accounts that I use for my day to day transactions.

I did not include the monies in my alternative investments, such as my Funding Societies account.  But the amounts are small and not worth mention.

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In summary, I give myself a C grade when it comes to building my retirement nest egg so far.  Haha.  I hope with blogging, I can stay focused and build it up.

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