On the road to debt-free country

I have informed the bank that I will pay up in full when my HDB loan reaches the end of its lock-in period end this year. While previously they took only a short time to approve my loan, I have to inform them 3 months in advance.

This is a milestone target for me in 2014. My outstanding HDB housing loan will dip below $100K, making it impossible for further re-financing with the bank.

I am planning to pay off the remaining HDB loan by the combination of the followings:

1. Matured endowment policy
- 21-years ago when I started this endowment policy, it looked like a substantial sum of money at maturity.  However, possibly due to inflation or perception changes, it doesn't feel like a windfall now.  Haha. 

2. Central Provident Fund (CPF)
- I will put some of this money into good use.  After all, I dutifully contribute money to this fund every month. 

3. Investment-linked Policy (ILP)
 - Timing, timing, timing.  At the last market crash, my ILP dropped 40-50%. Now, it is up 40+% its original value.

4. Housing loan "pay-up fund"
- I have started this fund after the last re-financing, contributing a fixed sum every month into it.  As the total of 1 to 3 already sufficiently covered my loan, I will inject this fund into my war chest.

Not only that I will achieve my goal to be debt-free end 2014, I also have a bigger war chest for investment.

Related post:
Looking-ahead-to-2014-part-1-to-be-debt-free 

My Stock Portfolio @ end Aug 2014

No.	Stock Name	Lots	Portfolio%	Avg Cost$	Breakeven$	Market$
1	Starhub	6	17.96	3.36	2.90	4.15
2	SGX	3	15.76	4.19	2.85	7.28
3	SPH	5	14.97	3.99	3.39	4.15
4	SingTel	2.2	6.15	3.37	3.10	3.89
5	CapitaMall Trust	4	5.77	1.76	1.32	2.00
6	AIMS AMPI Reit	5	5.28	1.47	1.42	1.465
7	CapitaLand	2	4.79	3.91	3.61	3.32
8	SATS Ltd	2	4.37	3.06	3.02	3.03
9	Suntec Reit	3	3.95	1.52	1.09	1.825
10	CDL HTrust	3	3.57	1.66	1.06	1.65
11	Starhill Global	6	3.53	0.71	0.52	0.815
12	SIA Engg	1	3.30	4.86	4.74	4.58
13	Frasers CT	2	2.89	1.81	1.75	2.00
14	HPH Trust	3	1.93	0.90	0.83	0.72
15	SPH Reit	2	1.54	0.94	0.92	1.065
16	Boustead	1	1.30	1.44	1.38	1.805
17	Sing Post	1	1.24	0.875	0.63	1.725
18	CitySpring	3	1.08	0.65	0.45	0.50
19	FE HTrust	1	0.61	0.93	0.87	0.85

Movement in my portfolio in Aug:-
Sold:- Nil.
Bought:- Starhub.

Dividends collected in Aug: $1,343.70
2014 avg dividends/month: $497.72


Bumper dividend harvest in August.  August has my 2nd highest amount of dividends collected so far.