Cory Diary : Net Worth

Been some time since I last post on Net Worth. The Logic is Net Worth is Net Worth. Don't add buffer, philosophy or personal perference into it. Basically, please call a spade a spade. What this mean is do not have filter lens to reduce or add the definition of it.

Net Worth implies Property Net Value (Sell Price after Outstanding loan), Surrender value of insurance products, the total recorded value of CPF, all Assets should be included and total returns of investment products ( Realised + Unrealised + Dividends ).

Ofcourse one could have their own personal buffer, cash flow view or investible definition but that isn't the True Net Worth. With that clarified, let's proceed with update.

Retirement Year

Year 2024 is retirement year which means there is compassion package. Still in the process of managing the cash. Therefore, the Cash/FD stack has a spike. Cash is still in process of being deployed safely.

Property

There is not much change in the property valuation and so the similar pattern just stack on top of it in Blue as we can see in months ending around of Year 2024. 

Equity

Equity did relatively well again for Year 2024 building on Year 2023 rebound. Large portion remains unrealised profits riding on Banks and US Market waves on long term basis. For new funding, majority will continue to be in fixed income.

Overall

Overall Net Worth achieved 21.4% increase in Year 2024  on average compounded 10.1% Growth Rate as below. This will probably be the last time able to achive such increase due to no more salaried income after.

For a salaried person as me, unless sizeable of networth in market, is not possible to have persistent double digit increase in Net Worth. This is basically Math. Which is why it works against common folks that do not invest generally and we will see increasing wealth gap as time past.

Investment Limits

With Scam abounds in today worlds, is illogical for a person to invest in non-official trading platform, friends private businesses or get-rich schemes. The risk is so high that one may lose their retirement money instead. Never trust our money to strangers. This leaves with only a few safe investment havens that I can do such as CPF, Singapore Saving Bond, T-Bills and Official Equity Trading Platform. They should be enough. After Expenses ...

Cory Diary

2025-0105

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Disclaimer: The articles presented in this blog reflect personal opinions and are intended for informational and sharing purposes only. Not responsible of errors. Readers are advised to seek professional guidance when making financial decisions and should take full responsibility for their choices.