Net Worth Update (January 2013) - $60k mark

Current Net Worth
Assets	Dec-12	Jan-13	Change	% change
Savings Account 1	$5,225.48	$5,596.71	$371.23	7.10
Savings Account 2	$5,045.70	$5,008.16	($37.54)	-0.74
Savings Account 3	$10,028.20	$11,035.04	$1,006.84	10.04
Investment Linked Fund	$7,475.68	$8,150.06	$674.38	9.02
Schroders Commodity Fund	$10,321.04	$10,485.42	$164.38	1.59
Stock Holdings	$9,365.00	$10,115.00	$750.00	8.01
Phillip Money Market Fund	$7,740.56	$10,004.18	$2,263.62	29.24
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	0.00
Total Assets	$806,201.66	$811,394.57	$5,192.91	0.64
Liabilities
Home Loan	$617,500	$617,500	$0.00	0.00
Net Worth (including flat to be built in 2016/2017)	$188,701.66	$193,894.57	$5,192.91	2.75
Investible Net Worth	$56,201.66	$61,394.57	$5,192.91	9.24

Highlights

• Received a bursary valued at $2,900 and deposited a large portion of it into the Phillip Money Market Fund (currently yielding 0.5% per annum)
• 8% increase in value of stock holdings due to the recent spike in Biosensor's share price
• Expenses for the month totaled to $210 (average $6.80/day)
• Income from tuition, paid surveys and other part time jobs contributed to the increase in cash

Net worth target of $70,000 by December 2013 is definitely achievable now. In fact, I think my investible net worth will cross the $70k mark by mid 2013. February will be another good month due to Chinese New Year Ang Pows, second disbursement of bursary valued at $400 and a potential contribution from my girlfriend's performance bonus to our joint account.

Lastly, I have updated the "Net Worth", "My Asset Allocation" and "My Stock Portfolio" pages. For your information, I will be updating these pages on a monthly basis.