In May I made quite good progress towards financial independence. Read more for the details…
Spending and saving rate
In May I spent SGD 2,738 – a rather cost-efficient month.
My saving rate in May was 82% – thanks to the higher income because of a yearly bonus. The bonus payout was much smaller than previous years, but I am lucky to receive a bonus in the first place.
Portfolio development
In February my portfolio increased from SGD 746,347 to 771,514 (~USD 581,300). Fresh investments of SGD 22,610 were supported by gains of SGD 5,185.
Dividends received
My holdings paid out SGD 1,005 of tax free dividends.
Asset allocation
Hypothetical income at 4% WR
SGD 2,572 – I am reaching a level where it is imaginable that I could survive without working.
When can I retire?
Things are going in the right direction.
Outlook
Feeling a lot better than last month. Got first shot of vaccine, feeling hopeful that parts of normal life can resume. At the same time dreading the idea of going back to the office, after fully remote work for 1.5 years I am quite used to it.