Net Worth for Jan 2021 and Why I track my Net Worth Monthly

 It has been a long time since I wrote a blog post full of words ever since I started doing youtube video. (Do check out my videos here)

After much consideration and thinking about what to write about, I decided that penning down my net worth is here will be a good place for tracking and memories down the road ahead. Everyone is running at a different pace in their life and has different goals. Find out what makes you happy and work towards that goal.  

Currently, I do track my net worth on a monthly basis in a google spreadsheet as well. 

Some background information

1. Currently 31 in 2021
2. Started working full time in Sep 2015
3. Currently working as an employee in a tech firm

And below are the snapshot as of Jan 2021.

Currently, CPF is my biggest holdings since the money goes in every month and it enjoys the compounding effect annually. Looking at the chart, when I started work in 2015, you could see that my CPF amount was almost negligible. But as time goes along, it went from the last place to first place. This goes to show the power of consistency and the compounding effect.

The second biggest is stocks although it had quite a run-up in 2020 as it is a combination of capital and unrealized profits. During March 2020 when there was a crash, I liquidated all my holdings in SG stocks. Went into gloves in April to capitalize on the trends. After which in Sep 2020 I "realized" that the US market offers a lot more opportunities in terms of companies to invest in and went into a few US companies that were riding on the secular trend of the future.

The fourth-place is alternative investment. These are mainly into those short-term savings account such as Singlife, Gigantiq and Singtel Dash as they offer higher interest rates than banks' savings account and have flexible withdrawal.

The fifth place is cryptocurrency which for me is more of a hedge. The current amount consists of both capital and unrealized profits. Started in Aug 2020 after reading up about it and when institutions started putting it in as well.

Lets see how things will turn out. Maybe I would do a monthly update here. 

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