October 2019: monthly update – already exceeded my investment goal for 2019

In October I exceeded my investment target for the whole year. Feels good! Read on for the details.

October expense report

Spent so much money on eating out, because of having to entertain colleagues and visitors in my free time at work. Gift spending is high, but I do not regret that at all, since it was for my parents. Also made some small donations.

Travel spending is high, since I booked a trip to South Africa in November. Found a Polish online store that sells contact lenses cheaply and bought a year’s worth of daily disposables.

Car was a money pit as usual. I drive a cheap econo hatchback paid in cash, but insurance, parking, gas is a lot. Was given a designated parking lot with my promotion and it gives me a feeling of frugal satisfaction to park my little car between all the Mercedes and BMWs.

Had a major private crisis in October and saving money was less a priority. Things have somewhat stabilized now.

Portfolio update

Portfolio increased by SGD 11,969 to SGD 446,077 (~USD 328,300). Fresh investments of SGD 8,433 and gains of SGD 3,536 contributed.

Investments vs. plan

I invested SGD 8,433 into my portfolio which was more than planned (SGD 8,300).

I exceeded my goal for the full year already. My plan was to invest SGD 100,000 in 2019, so far I have invested SGD 101,762. Not bad.

Saving rate in October was just 59%. Year-to-date saving rate is sitting at 65%.  I could so easily save more money, have to work harder.

Dividends received

SGD 2,781. – October is always the best dividend month for me.

Outlook

Facing some life issues at the moment, which I will have to solve. Focusing on finances will be challenging.