Cory Diary : Net Worth update

Tariffs

Been more than a few months since I last post Net Worth. The current sentiment is Trump Tariffs are taking shape and it appears he has the last laugh. One by one countries bend to his negotiation teams. Unfortunately, I have yet hear news on Singapore side. My concern is the more we delay, the worst it gets as Trump will have a stronger hand the more countries conclude their deals. Sometimes bad deal is better than no deal. Will this be the case ? 1st Aug deadline running near.

Inflation

There aren't obvious inflation which in total opposite expectation of many Economists and Experts. So why they could not even measure up to a so called Clown President ? This is puzzling. Nevertheless, rate should be coming down but is not. I feel the more Fed worry, the worst it gets because it makes the dollar looks useless. Is clear Trump want a weaker dollar but this do not mean a weak dollar. And the higher yield we seen in treasury is likely because people is expecting it to be weaker therefore negating all the interests return.

Portfolio

As the meantime, we achieve ATHs in STI and S&P500. Is the most hatred recovery because it doesn't feel like one economically. Is running on the back of earlier inflation on the rate spike after-effect. What it means to all is that my net worth purchasing power has depreciated in entirety and the only one countering or mitigating it is my Equity Portfolio. And yes, the portfolio hitting ATH as well and I am not celebrating in the sense is more like a relieve. Again Saver who views money in absolute term is the biggest loser relatively because you are buying much lesser goods and services with same amount of money in just few years.

Net Worth

In absolute term, my Net Worth has moved up and run contrary to one who is in retirement and high expenses which is still being managed down. T-Bills have been coming down but appears there aren't good alternative unless I stack further up into the equity portfolio which is something I do not want to do when market keeps hitting ATHs.

What I have done is to take some profits and re-balance into defensive position to secure my current position in Equity side. At the same time looking for opportunity to increase my allocation in US Market by a few percentage more as I feel Big Techs earning power will shield me well or convince me to hold on even if there is correction. There are some cash in idle which will have 2 weeks window to decide where to go.

Property

On property investment front, I just concluded a rental contract with a higher value, This will help to improve my cash flow for year to come. The next thing to watch is my mortgage renewal. I have been enjoying low rate for years and if I have my chance the cost will not increase significantly. When I run through my numbers, after property tax, Income tax, maintenance cost, refurbishment cost and agent cost, the yield aren't that good as Equity dividend returns. However, in name of diversification, and the hope of capital gain.

No Chatgpt this time to help check my grammars and composition. Pardon me.

Cory Diary

2025-0726

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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.