June was a rather weird month featuring Great Britain’s exit from the European Union, a decision that might just be remembered as an historic blunder for the country. Only time will tell. How did my investments fare in this turbulent month?
In June Standard Chartered announced that they would introduce minimum commissions in Singapore, which compelled me to write a short update about it. I also wrote a short post on HSBC’s ridiculous personal loan promotion.
Ups and downs because of “Brexit” made the portfolio rise and fall, in the end my portfolio increased by SGD 1,468 to SGD 133,765 (= USD 99,424). The small gain was made up of fresh investments of SGD 2,692 and a paper loss of SGD 1,224.
Investments year-to-date versus plan
After investing SGD 2,692 in June I am now SGD 1,936 ahead of my plan, having invested SGD 24,236 year-to-date. All is going quite well and I have the hope to somehow invest SGD 50,000 this year.
All going well so far…
In June I received SGD 150 in tax free dividends. It should be more, but I got mailed me a cheque for my dividend and it only arrived in July. Receiving a cheque for a dividend in the mail seems so 1980s… Very inconvenient. After asking my bank what to do, they advised me to treat it like a normal Singaporean cheque and to just write my account details on the back. Hopefully I will not have to pay ridiculous fees for that…
I am pretty much on auto mode after some years of budgeting and investing. My only fear is the Singaporean economy which does not look too good at the moment. Mood is quite subdued in many sectors and some of my friends seem to be having a hard time getting jobs. I miss the boom times…