Time had been passing so fast and now we are already half way to the mark of 2016. I shall do a quick review of my
Target Setting 2016.
My goal is to save at least $10k from my primary income yearly. Although, as of now, I had already contributed
$7,300 into my saving plan. Most of the savings come from my bonus in March 2016. I will not be expecting any bonus from now till the end of the year. So in a way, I had to rely on my monthly income saving in hoping to add up to $10k. It look certain that I won't be able to achieve this goal again by end of the year. Unless, there is a promotion for me and a good salary review plus increment next month.
The good side of my next goal is to achieve a compound saving of $22,149.00 based on my calculation of 7% dividend yield by investing on equities. As of now, my compound saving for this year had already achieved
$21,723.62 which translated to
7.44% yield currently. Based on this set of result, I will definitely achieved this goal to have a compound saving of $22,149.00 by end of the year.
Dividend collected and capital gain as of now stands at $1,504.75. This was partly due to my recent divestment of Keppel Corp at $5.88 per share. After my divestment, Keppel Corp had been falling to $5.32 per share on today closing. STI had also been dropping because of the Brexit syndrome, as well as the falling of oil price below US$50. I will be looking to buy back Keppel Corp again when the price is more attractive for long term investment.
| Year | Age | Proposed Yearly
10k Saving | 7% Dividend Based on
Compound Saving | Actual Saving | Compound Saving |
| 2015 | 37 | $10,000 | $10,700.00 | $8,800 | $12,918.46 |
| 2016 | 38 | $20,000 | $22,149.00 | $7,300 | $21,723.62 |
| 2017 | 39 | $30,000 | $34,399.43 | - | - |
| 2018 | 40 | $40,000 | $47,507.39 | - | - |
| 2019 | 41 | $50,000 | $61,532.91 | - | - |
| 2020 | 42 | $60,000 | $76,540.21 | - | - |
| 2021 | 43 | $70,000 | $92,598.03 | - | - |
| 2022 | 44 | $80,000 | $109,779.89 | - | - |
| 2023 | 45 | $90,000 | $128,164.48 | - | - |
| 2024 | 46 | $100,000 | $147,835.99 | - | - |
| 2025 | 47 | $110,000 | $168,884.51 | - | - |
| 2026 | 48 | $120,000 | $191,406.43 | - | - |
| 2027 | 49 | $130,000 | $215,504.88 | - | - |
| 2028 | 50 | $140,000 | $241,290.22 | - | - |
| 2029 | 51 | $150,000 | $268,880.54 | - | - |
| 2030 | 52 | $160,000 | $298,402.17 | - | - |
| 2031 | 53 | $170,000 | $329,990.33 | - | - |
| 2032 | 54 | $180,000 | $363,789.65 | - | - |
| 2033 | 55 | $190,000 | $399,954.92 | - | - |
