Exactly last year, I posted this article titled "Short term goals for my long term plan". I think it's great that facebook memories reminded me of it - it's a great feature. It's time to update that goal and see what I've done and what I still need to do.
This is for last year 12th Dec 2014:
Invested in market: $75,000
Investible cash: $70,000
Total capital so far: $145,000
Capital shortfall: $240k - $145k = $95k or approximately $100k
This is for this year 12th Dec 2015:
Invested in market: $115,000
Investible cash: $81,000
Total capital so far: $196,000
Capital shortfall: $240k - $196k = $44 or approximately $50k
I should be able to hit 240k by 2016, if all things remain the same. I had put in some money into cpf to boost up my mortgage loan emergency fund and also did a partial capital redemption to reduce my debt. I think last year when I did the post, I haven't included the amount set aside for these two purposes. Going forward, the investible cash will be as such - investible and ready to be deployed after taking into account all the commitments.
Going by that figure, I'm about 40% cash. It should be a little higher because I'm having a few open positions that I intended to close in the near future.
Aiming for another 50 to 60k savings next year! Cheong ah!
Good!
ReplyDeleteHello LP,
ReplyDelete50k to 60k savings in a year is truly respectable!
Extremely commendable savings!
ReplyDeleteHi guys,
ReplyDeleteThanks! ;)