Thursday, 2 October 2014

Passed CFA Level 2, Registered for FRM Level 1 & Changes in Blog Content

I have been really busy the past few months due to work commitments and exam preparation. I have passed my CFA Level 2 and will be taking Level 3 in June 2015. Since I have some free time until my next CFA paper, I decided to register for the Financial Risk Manager (FRM) exam, which will be held on 15th November. As such, I am devoting my weekday nights and weekends to studying for the FRM exam. If everything goes well, I will be able to clear all CFA and FRM levels by end of year 2015 as shown below:

CFA Level 1 : December 2013 (Passed)
CFA Level 2 : June 2014 (Passed)
FRM Level 1 : November 2014
CFA Level 3 : June 2015
FRM Level 2 : May/November 2015

After some thoughts, I have decided to make some changes to my blog content. As you might already know, I have been posting monthly updates on my investible net worth since the start of this blog. In addition to the net worth updates, I also shared about the happenings in my life such as my job, my house, my pursuit of the CFA and FRM charters, etc. As such, it is becoming easier to track my identity than before and hence, exposing my entire net worth on the internet might not be sensible.

So from now on, I will only be posting updates on my portfolio of stocks and reserve fund. Also, I will no longer be able to provide monthly updates due to increased commitments.

Okay, I shall return to my books now. Looking forward to the coming long weekend! Cheers!

Sunday, 8 June 2014

Net Worth Update (May 2014) - $100,000 Milestone !!

Current Net Worth
Assets
Apr-14
May-14
Change
% change
Savings Account 1
$7,081.85
$2,400.93
($4,680.92)
-66.10
Savings Account 2
$2,185.46
$2,165.46
($20.00)
-0.92
Savings Account 3
$39,440.36
$41,367.34
$1,926.98
4.89
Stock Holdings
$9,860.00
$10,915.00
$1,055.00
10.70
Phillip Money Market Fund
$40,105.56
$45,121.11
$5,015.55
12.51
Physical cash
$1,000.00
$1,000.00
$0.00
0.00
Market Value Of BTO Flat (to be built in 2016/2017)
$750,000.00
$750,000.00
$0.00

Total Assets
$849,673.23
$852,969.84
$3,296.61
0.39





Liabilities




Home Loan
$617,500
$617,500
$0.00
0.00





*Net Worth (including flat to be built in 2016/2017)
$232,173.23
$235,469.84
$3,296.61
1.42
Investible Net Worth
$99,673.23
$102,969.84
$3,296.61
3.31

Highlights

  • Completed the CFA Level 2 examination yesterday. I have been studying on weekday nights after work for the past one month as I could only get 3 days of leave to study.
  • Significant increase in value of stock holdings due to the substantial rise in my Singpost shares
  • Settled down at my new job and got my first "new" salary at the end of last month

Saturday, 10 May 2014

Net Worth Update (April 2014)

Current Net Worth
Assets
Mar-14
Apr-14
Change
% change
Savings Account 1
$2,311.73
$7,081.85
$4,770.12
206.34
Savings Account 2
$4,306.46
$2,185.46
($2,121.00)
-49.25
Savings Account 3
$38,915.06
$39,440.36
$525.30
1.35
Stock Holdings
$9,760.00
$9,860.00
$100.00
1.02
Phillip Money Market Fund
$40,095.18
$40,105.56
$10.38
0.03
Physical cash
$1,000.00
$1,000.00
$0.00
0.00
Market Value Of BTO Flat (to be built in 2016/2017)
$750,000.00
$750,000.00
$0.00

Total Assets
$846,388.43
$849,673.23
$3,284.80
0.39





Liabilities




Home Loan
$617,500
$617,500
$0.00
0.00





Net Worth (including flat to be built in 2016/2017)
$228,888.43
$232,173.23
$3,284.80
1.44
Investible Net Worth
$96,388.43
$99,673.23
$3,284.80
3.41


Wednesday, 16 April 2014

Net Worth Update (March 2014)

Current Net Worth
Assets
Feb-14
Mar-14
Change
% change
Savings Account 1
$4,598.46
$2,311.73
($2,286.73)
-49.73
Savings Account 2
$9,641.46
$4,306.46
($5,335.00)
-55.33
Savings Account 3
$37,769.00
$38,915.06
$1,146.06
3.03
Investment Linked Fund
$9,547.52
$0.00
($9,547.52)
-100.00
Stock Holdings
$9,525.00
$9,760.00
$235.00
2.47
Phillip Money Market Fund
$25,074.34
$40,095.18
$15,020.84
59.91
Physical cash
$1,000.00
$1,000.00
$0.00
0.00
Market Value Of BTO Flat (to be built in 2016/2017)
$750,000.00
$750,000.00
$0.00

Total Assets
$847,155.78
$846,388.43
($767.35)
-0.09





Liabilities




Home Loan
$617,500
$617,500
$0.00
0.00





Net Worth (including flat to be built in 2016/2017)
$229,655.78
$228,888.43
($767.35)
-0.33
Investible Net Worth
$97,155.78
$96,388.43
($767.35)
-0.79


Asset allocation
Weights
Cash or cash equivalents
$86,628.43
89.87%
Stocks
$9,760.00
10.13%
Total
$96,388.43


Highlights
  • Sold my investment linked fund. Left $1,000 in the fund to pay for insurance charges. The $1,000 was transferred to a cash fund as it's main purpose is to pay for insurance charges, which will be enough to pay off about 7 years of premiums before I top up. The $1,000 is excluded from my net worth calculation as it is not considered an investible asset
  • Celebrated girlfriend's birthday this month. Spent about $700 including dinner and a bag as birthday gift
  • Paid about $2,000 to pay off my notice period as I have tendered my resignation and will be starting my new job in May
  • Cash or cash equivalents now make up about 90% of my investible net worth
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