CDP
| Security | # shares | Price S$ | % |
|---|---|---|---|
| DBS | 440 | 43.72 | 4.46 |
| UOB | 400 | 36.33 | 3.37 |
| OCBC Bank | 700 | 16.69 | 2.71 |
| SGX | 3,200 | 12.74 | 9.46 |
| ST Engineering | 6,900 | 4.66 | 7.46 |
| Powermatic Data | 10,800 | 2.75 | 6.89 |
| TheHourGlass | 19,600 | 1.54 | 7.00 |
| Sheng Siong | 19,100 | 1.64 | 7.27 |
| Micro-Mechanics | 18,400 | 1.69 | 7.21 |
| VICOM Ltd | 21,500 | 1.31 | 6.53 |
| UMS | 31,200 | 1.03 | 7.45 |
| Credit Bureau Asia | 30,100 | 1.18 | 8.24 |
| Nanofilm | 36,100 | 0.755 | 6.32 |
| HRnetGroup | 21,900 | 0.68 | 3.45 |
| TalkMed Group | 34,500 | 0.445 | 3.56 |
| China Sunsine | 41,800 | 0.445 | 4.31 |
| Kimly | 27,000 | 0.325 | 2.04 |
| HC Surgical | 35,500 | 0.275 | 2.26 |
YTD Dividends Received = S$16,182
YTD SBL Fees Received = S$327
Trades
- Bought 2,300 shares of Powermatic Data Systems.
SRS
| Security | # shares | Price S$ | % |
|---|---|---|---|
| TheHourGlass | 5,000 | 1.54 | 5.51 |
| Micro-Mechanics | 5,400 | 1.69 | 6.53 |
| VICOM Ltd | 5,500 | 1.31 | 5.15 |
| Nanofilm | 12,500 | 0.755 | 6.75 |
| HRnetGroup | 7,500 | 0.68 | 3.65 |
| Kimly | 5,800 | 0.325 | 1.35 |
| HC Surgical | 19,500 | 0.275 | 3.84 |
| NetLink NBN Trust | 108,000 | 0.87 | 67.22 |
Trades
None
Singapore Savings Bonds
| Security | Amount | Coupon Now |
|---|---|---|
| GX22120S | S$14,000 | 3.28% |
| GX23010Z | S$15,000 | 2.95% |
| GX23110V | S$20,000 | 3.21% |
| GX23120Z | S$20,000 | 3.30% |
| GX24060A | S$20,000 | 3.26% |
| GX24070S | S$20,000 | 3.26% |
| GX24080W | S$20,000 | 3.19% |
Speculative Play
| Security | # shares | Price US$ |
|---|---|---|
| Kep Pacific Oak REIT | 70,000 | 0.205 |
Trades
None
Commentary:
The year 2024 has come to an end. It has been pretty eventful, with major political shifts leading the headlines. These include:
- Re-election of Donald Trump as U.S. President;
- Topple of Prime Minister Sheikh Hasina in Bangladash;
- Topple of President Bashar al-Assad in Syria;
- Rise of the left-wing political alliance in France;
- Impeachment of South Korea's President Yoon Suk Yeol;
- Inauguration of Japan's new Prime Minister Shigeru Ishiba; and locally,
- Inauguration of Singapore's new Prime Minister Lawrence Wong.
With new leadership at the helm, change is a given. In the economic arena, the U.S. Federal Reserve made its first interest rate cut since the ramp-up post-COVID-19 pandemic. This ought to provide some relief to debt-laden counters like the U.S. focused S-Reits. Meanwhile, the threat of bigger tariffs on Chinese goods by the U.S. and European Union is set to spark a trade war with China. Speaking of the Middle Kingdom, the Chinese government has (finally) rolled out new fiscal initiatives to stimulate its faltering economy. The effect will need time to materialise. Companies relying on the Chinese consumer spending may have to hold their breath a while longer.
A polarization of the global world order is likely to encourage a us-versus-them attitude, growing nationalism, onshoring or friendshoring, and widen the rift among countries. With the Russia-Ukraine war and Israel-Hamas conflict still ongoing, world peace seems like a faraway ideal. With increasingly frequent and ferocious natural disasters, the climate crisis is only going to exacerbate the suffering of the impoverished and war-torn refugees. The year 2025 may paint yet another bleak picture for the future of humanity.
Fortunately for me at home, things ended on a happier note. Firstly, my wife and I fully repaid our housing mortgage loan, putting us one step closer towards financial independence. My older boy passed his PSLE with flying colours, and secured a place in a prestigious secondary school. None of us encountered any major illness during the year, for which I am grateful.
2024 also marks the year when equity markets soared to higher ground. The S&P 500 Index hit a lifetime high on 6 Dec 2024, logging an impressive 24 percent for the year. The local Straits Times Index also climbed over 17 percent for the same period. Investors kept piling money into popular stocks. FOMO and TINA ("There Is No Alternative") are at play here.
As markets consolidated in the final month, I executed only one trade for my CDP portfolio. Bought 2,300 shares of Powermatic Data Systems as it tested 52-week low. It has been a while since I last bought a stock. I will continue to monitor and take advantage of pullbacks when available.
In 2025, the CPF Basic Healthcare Sum (BHS) will be increased from $71,500 to $75,500. I have set aside $4,000 to top up my CPF Medisave Account in January. I will also set aside $15,300 to top up my SRS account in the first quarter of 2025. As per past few years, I will continue to top up my Mum's CPF Retirement Account. This is to maximise my own income tax relief.
DBS NAV Planner shows my net worth has crossed S$1.45M:
I am pleased with the progress made in 2024. I target to retire by the year 2034, when I reach age 55. Thereafter, I want to travel and see the world. This has been the main motivation for me to work hard all these years!
At the workplace, I will take on a new role, which encompasses more in-depth client engagement and technical consultation. I am excited by the challenge, yet at the same time, there are butterflies in my stomach. I wonder whether I will be successful or not. Regardless, I have resolved to give it my best shot.
Have a wonderful New Year 2025! And for my Chinese friends, if you do not hear from me, here's wishing you and your family a Happy and Prosperous Lunar New Year!
- Re-election of Donald Trump as U.S. President;
- Topple of Prime Minister Sheikh Hasina in Bangladash;
- Topple of President Bashar al-Assad in Syria;
- Rise of the left-wing political alliance in France;
- Impeachment of South Korea's President Yoon Suk Yeol;
- Inauguration of Japan's new Prime Minister Shigeru Ishiba; and locally,
- Inauguration of Singapore's new Prime Minister Lawrence Wong.
With new leadership at the helm, change is a given. In the economic arena, the U.S. Federal Reserve made its first interest rate cut since the ramp-up post-COVID-19 pandemic. This ought to provide some relief to debt-laden counters like the U.S. focused S-Reits. Meanwhile, the threat of bigger tariffs on Chinese goods by the U.S. and European Union is set to spark a trade war with China. Speaking of the Middle Kingdom, the Chinese government has (finally) rolled out new fiscal initiatives to stimulate its faltering economy. The effect will need time to materialise. Companies relying on the Chinese consumer spending may have to hold their breath a while longer.
A polarization of the global world order is likely to encourage a us-versus-them attitude, growing nationalism, onshoring or friendshoring, and widen the rift among countries. With the Russia-Ukraine war and Israel-Hamas conflict still ongoing, world peace seems like a faraway ideal. With increasingly frequent and ferocious natural disasters, the climate crisis is only going to exacerbate the suffering of the impoverished and war-torn refugees. The year 2025 may paint yet another bleak picture for the future of humanity.
Fortunately for me at home, things ended on a happier note. Firstly, my wife and I fully repaid our housing mortgage loan, putting us one step closer towards financial independence. My older boy passed his PSLE with flying colours, and secured a place in a prestigious secondary school. None of us encountered any major illness during the year, for which I am grateful.
2024 also marks the year when equity markets soared to higher ground. The S&P 500 Index hit a lifetime high on 6 Dec 2024, logging an impressive 24 percent for the year. The local Straits Times Index also climbed over 17 percent for the same period. Investors kept piling money into popular stocks. FOMO and TINA ("There Is No Alternative") are at play here.
As markets consolidated in the final month, I executed only one trade for my CDP portfolio. Bought 2,300 shares of Powermatic Data Systems as it tested 52-week low. It has been a while since I last bought a stock. I will continue to monitor and take advantage of pullbacks when available.
In 2025, the CPF Basic Healthcare Sum (BHS) will be increased from $71,500 to $75,500. I have set aside $4,000 to top up my CPF Medisave Account in January. I will also set aside $15,300 to top up my SRS account in the first quarter of 2025. As per past few years, I will continue to top up my Mum's CPF Retirement Account. This is to maximise my own income tax relief.
DBS NAV Planner shows my net worth has crossed S$1.45M:
At the workplace, I will take on a new role, which encompasses more in-depth client engagement and technical consultation. I am excited by the challenge, yet at the same time, there are butterflies in my stomach. I wonder whether I will be successful or not. Regardless, I have resolved to give it my best shot.
Have a wonderful New Year 2025! And for my Chinese friends, if you do not hear from me, here's wishing you and your family a Happy and Prosperous Lunar New Year!
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