It has been nearly a month since my final weblog put up.
I’m critical about turning into extra laid again and being much less lively in social media.
The backyard which I used to take pleasure in taking strolls in has turn into a minefield.
What to say?
What to not say?
Easy methods to say what I wish to say?
Speaking to myself has by no means been extra anxious.
I’ve sufficient stress to cope with in my life.
Do not wish to must cope with extra stress particularly when I’m not being paid to take action.
Yeah, a minimum of we’re paid to cope with stress at work, proper?
I imagine that many native monetary influencers should be licensed and controlled as a result of they’re being paid for selling monetary services continuously.
From an interview carried out by CNA, I imagine that it was one of many assessments set out by MAS.
In case you’re you , right here is the video by CNA:
Not the perfect interviewer nor interviewee however simply concentrate on the substance, I assume.
I feel the blogger they interviewed might be a type of who must be licensed and controlled as her content material is closely monetized.
Effectively, since she and different monetary influencers like her become profitable continuously from doing what they do in social media, they should not thoughts being licensed and controlled.
As for me, I relatively not must cope with the effort.
So, I’ll prohibit the frequency of sharing and in addition the issues which I do share in my weblog and YouTube channel.
For instance, on this weblog, I’m additionally going to speak to myself about why I’m hoarding money.
2024, similar to 2023, has been sort to me in terms of my funding portfolio.
Effectively, there are nonetheless a few weeks left to 2024 however I assume I can shut my books for the 12 months early.
In contrast to 2023, I’ve not put any cash to work in equities in 2024.
A lot of the passive revenue I acquired in 2024 has been put to work in SSBs and T-bills.
I additionally made a smallish voluntary contribution of $8,000 to my CPF account.
CPF cash for me will turn into money in one other 2 years from now.
Effectively, the cash within the CPF OA, anyway.
Being paid a median of three.0% p.a. danger free and volatility free is just not dangerous.
So, my money place has grown in 2024 and appears set to develop in 2025 too.
It’ll develop much more in 2026 when I’ve entry to my CPF OA cash.
Within the meantime, I receives a commission fairly nicely for holding extra cash.
The UOB ONE Account has been good to me.
Mounted deposits in CIMB have been first rate in producing some curiosity revenue too.
Simply to make certain, these are usually not investments and I don’t embody them in my quarterly passive revenue updates that are about passive revenue generated by my funding portfolio.
6 months T-bills are nonetheless paying 3.0% p.a. or so.
Singapore Financial savings Bonds I purchased in the course of this 12 months had 10 years common yields of three.2 to three.3% p.a. or so.
I’m already considerably invested within the inventory market and don’t really feel any urgency to place extra money to work there.
Does this imply that I really feel that the inventory market goes to crash quickly?
I do know that some monetary influencers prefer to make predictions as to the place inventory costs are going however like I all the time say, we can’t predict however we will most definitely put together.
So, folks can consider what I’m doing as getting ready for a inventory market crash.
I simply do not know when it’ll occur.
After all, I additionally say by no means to be overly optimistic nor overly pessimistic.
You will need to keep invested in bona fide revenue producing property and be paid whereas we wait.
Somebody who saved saying that the frequent shares of Singapore banks have been very overvalued within the final 12 to 18 months and mentioned he would look ahead to a crash earlier than shopping for would possibly wish to do a rethink.
The truth that I’ve been hoarding money doesn’t imply that I feel the shares have been very overvalued.
In truth, I’ve been fairly constant in saying that if we weren’t invested but, we might purchase some.
Nevertheless, it’s definitely more durable to say that now.
After we have a look at PE ratios, it’s thoughts boggling how the multiples have expanded for thus many firms.
Earnings actually have to come back in a lot stronger in 2025 to justify these multiples.
For DBS, OCBC and UOB, their PE ratios have additionally risen fairly considerably.
They’re now round 11x to 12x which is barely larger than the 5 12 months common.
If we had a working crystal ball and if we might inform for positive if the earnings would develop sufficient to make sure these numbers are justifiable, then, we might purchase extra now.
Since I solely have a bowling ball that thinks it’s a crystal ball, I might relatively err on the facet of warning.
That is why I mentioned earlier that my money place is more likely to develop in 2025 as nicely, all else being equal.
Effectively, it might in all probability develop extra slowly as I’m going to have larger bills in 2025 with extra money put aside for parental assist.
That’s one other subject for possibly one other day.
That is in all probability the final weblog put up earlier than the 12 months ends and possibly even earlier than “Night with AK and associates 2025” takes place on 15 January 2025.
Merry Christmas and Completely happy New Yr!
