14 June 2016

Half yearly review 2016

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.

YearAge Proposed Yearly 
10k Saving
7% Dividend Based on 
Compound Saving
Actual SavingCompound Saving
201537$10,000$10,700.00$8,800$12,918.46
201638$20,000$22,149.00$7,300$21,723.62
201739$30,000$34,399.43--
201840$40,000$47,507.39--
201941$50,000$61,532.91--
202042$60,000$76,540.21--
202143$70,000$92,598.03--
202244$80,000$109,779.89--
202345$90,000$128,164.48--
202446$100,000$147,835.99--
202547$110,000$168,884.51--
202648$120,000$191,406.43--
202749$130,000$215,504.88--
202850$140,000$241,290.22--
202951$150,000$268,880.54--
203052$160,000$298,402.17--
203153$170,000$329,990.33--
203254$180,000$363,789.65--
203355$190,000$399,954.92--

4 comments:

  1. Hi Eric,

    Don't understand what you mean by compound savings. Is that the marked to market value of your sg portfolio?

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    Replies
    1. I think is referring to his dividends+interest that he earned via the shares. But the table is a bit confusing, it took me sometime to decipher how the table works.

      But this also shows that it is a good way to see the compounding effect. Just to check how much do you allocate to shares per year? Cause I will be starting the same saving allocation in mid 2017. So would like to know more about how you do the allocation.

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    2. Compound savings refer to dividend received plus the actual savings to be reinvested into the investment. There is no such term for this so I name it as compound savings.

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    3. Hi James,
      If you based on my table, per year allocation of shares would be worth $10,000 plus the dividend collected yearly. That is assuming you did not sell any of your shares at all since Day 1.

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