Saturday 6 September 2014

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 

Tuesday 2 September 2014

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.