Monthly Net-Worth Update — Feb 2021 — A Sad Month

Photo by Micheile Henderson on Unsplash

Time flies!

Tomorrow will mark the end of the Chinese New Year! Again wish us all a happy and prosperous year ahead!

Here comes another monthly update of our Net-Worth.

It is a sad month!

Net-Worth increase from last month: 48.04K SGD, 1.30KG Gold

Do not be fooled by the number.

90% of the increase is due to the sale of my flat.

The selling price is 10% higher than the estimate I put down in my tracking sheet two years ago. And it is not because I sold the flat at a good price, only because my estimate was much too conservative then.

It is pretty incredible to lose more than 120K SGD on a HDB flat in Singapore. And my lawyer introduced me to the new term “Negative Sale”.

But again, compared to what happed last year, this is like peanuts.

Sometimes, it just feels that I owned a big debt to fate and I am now paying it back.

Coming back to the update, the insurance bill also kicked in this month.

With the stock market dropping across the world, our salary can barely make up for the fall.

Overall, it is a pretty sad month for us.

Photo by Michael Longmire on Unsplash

Investment: 7.86% annualized return, incl. dividend

The market drop hit us pretty hard. At one point, we lost over 70% of our capital gain since the change of our investment approach.

This is good that we experienced this. Otherwise, money almost seemed too easy.

This is only to tell us that this is a long and tough journey with repeated Up-and-Downs. And we need to develop our capabilities along the way.

Let’s all keep going!



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