Networth Update 3Q 2024


It's been a while since I last updated my finances. With the completion of my flat renovation and our wedding banquet successfully hosted, I have put these significant expenses behind me. I can now focus once again on building my wealth.

I took this opportunity to consolidate my investments. I liquidated my positions in Stashaway and sold the cash-funded investments in my Endowus account. My funds were redeployed into an All World ETF (ISAC) and a US small-cap value ETF (USSC) through IBKR. This shift not only simplifies my portfolio but also helps reduce recurring fees.

Going forward, I plan to DCA based on the following allocation:

  • $3,000 in ISAC, monthly via IBKR
  • $1,000 in CSPX, monthly via IBKR
  • $1,500 in USSC, quarterly via IBKR
  • $1,500 (SRS) in Dimensional US Core, monthly via Endowus
  • $1,000 (CPF) in Amundi World, monthly via Endowus
With these, I'm looking at a roughly 80% US 20% international portfolio with a slight tilt towards small-cap and value factors.


Comments

Post a Comment

Popular posts from this blog

What's Real and What Isn't in the Silver Surge

Image
Silver has been on a tear in 2025, grabbing headlines with record prices and stirring a fear of missing out (FOMO) sentiment among precious metal (PM) investors and collectors. The metal’s price is up roughly 164% year-to-date, climbing from the low US$30s to around US$77 per ounce, outpacing gold’s 72% climb over the same period. The surge has been fueled by a convergence of factors, from shifting monetary policy expectations to a deep physical supply squeeze. There is also an emerging narrative that claims silver is transforming into a new “reserve asset”, with central banks supposedly stockpiling it alongside gold. This blog post aims to cut through the hype and misconceptions. We’ll examine the fundamental nature of silver as both an industrial commodity and a monetary metal, analyse the real drivers of the 2025 price surge (particularly, structural supply/demand imbalances and booming industrial use) and debunk the idea that silver is becoming an official reserve asset . Our goal ...
Read more

Reflecting on 2024

Image
2024 marked a year packed with personal milestones, from moving into my own house, celebrating my wedding, to crossing the coveted $1 million net worth mark. There were also difficult decisions to make, like overhauling my investment portfolio, investing when markets were at all-time highs and grappling with rising insurance premiums. Here's a brief recap that shaped my year: Major Expenses The largest expense this year was the renovation and furnishing of my new home which cost close to $90,000, slightly exceeding my initial budget. Being our first time going through this process, we were keenly aware of the many horror stories about renovation nightmares - be it unreliable contractors, hidden costs, or shoddy workmanship. While we thoroughly researched the contractors and IDs, there was always an element of luck. Fortunately, we managed to engage one that we were quite satisfied with. To manage costs, we opted to work with a main contractor instead of an ID. While this saved up ...
Read more

Using ChatGPT to Spot the Gaps in My Financial Plan

Image
I've always believed in taking charge of my own finances. I track my spending, plan for the long term and make deliberate investment choices. But even with a plan I'm confident in, it's easy to overlook blind spots, especially when you're too close to your own numbers. That's why I decided to run my financial plan through ChatGPT. I wanted a second opinion, something that could point out potential weaknesses without the bias of someone trying to sell a product. My goal was to see how AI would approach analyzing real-life financial plan, given all the details I could provide. Would it validate my strategy? Would it flag risks I hadn't considered? Most importantly, could it help fine-tune my path to financial independence (FI)? What was provided to  ChatGPT To make this review meaningful, I shared a full picture of my finances: Age: 35 Income from work: XX Annual expenses: XX Assets and liabilities: HDB flat valued at 650k, with 415k outstanding loan CPF: 33k (OA)...
Read more