Tuesday 30 April 2013

Net Worth Update (April 2013)

Assets
Mar-13
Apr-13
Change
% change
Savings Account 1
$3,539.13
$3,029.26
($509.87)
-14.41
Savings Account 2
$1,525.66
$1,525.66
$0.00
0.00
Savings Account 3
$17,055.99
$18,567.34
$1,511.35
8.86
Investment Linked Fund
$8,550.42
$8,710.40
$159.98
1.87
Schroders Commodity Fund
$9,992.27
$9,510.86
($481.41)
-4.82
Stock Holdings
$10,140.00
$10,050.00
($90.00)
-0.89
Phillip Money Market Fund
$15,013.63
$15,020.14
$6.51
0.04
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
$816,817.10
$817,413.66
$596.56
0.07





Liabilities




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





Net Worth (including flat to be built in 2016/2017)
$199,317.10
$199,913.66
$596.56
0.30
Investible Net Worth
$66,817.10
$67,413.66
$596.56
0.89


Highlights

  • Drop in commodity fund offset the increase in cash, resulting in a slight overall increase of $595.56 in investible net worth
  • As I will be starting work full time this month, increase in cash savings from May 2013 onward should be at least $2,000 every month
  • I have dropped all my tuition classes as I no longer have the time to give tuition during weekdays due to my full time job. I might consider taking up 1 or 2 weekend tuition assignments after I have settled down in my new job.
  • Target of $70,000 by Dec 2013 will be achieved by June 2013.


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