Overall
Share investment (25% and CPF (25%) have replaced Warchest (20%) as main category in term of capital allocation.
This is align with plan to increase investment (dividend income) & long-term savings (CPF) which earn higher income vs existing HDB bank loan 1.8%.
Shares 25% (vs 16% in May 20)
With multiple investments made (Gilead, UOB, DBS, Comfort) during past 5 months, shares increases by 9%.
Total shares includes share investment using SRS fund (OCBC).
YTD dividend received ~$8k.
CPF 25% (vs 23% in May 20)
OA balance can cover 18 months HDB loan installment.
CPF housing loan refund being transferred to SA account to enjoy higher interest.
I have also contributed $7k in SA account for tax saving purpose.
Warchest 20% (vs 29% in May 20)
Decreases mainly due to increasing investments and CPF housing loan refund.
Warchest to Shares ratio - 47:53.
Warchest is earning min interest (1 - 2%%) thorugh insurance saving plans in Singlife and Etiqa (Elastiq, Singtel dash & Gigantiq) resulted in interest loss vs HDB bank loan (1.8%).
Plan to further reduce warchest to 10% in 2020/ 2021.
Property 16% (vs 15% in May 20)
Sightly increase with monthly installment made.
Currently I'm paying ~$900 interest on HDB loan per month
Emergency fund 12% (vs 13% in May 20)
Earning interest ~ 2%.
Can cover > 2 years living costs if something go wrong. This should be furthered reduced to 1 year.
SRS 2% (vs 4% in May 20)
Contributed $15.3k in 2020 for tax saving purpose
Used additional contribution in share investments (OCBC) and categorized under Shares, thus SRS ratio decreases by 2%.
Remaining SRS balance mainly Singapore saving bond with min interest earned (~1%).
