Monthly Net-Worth Update — Jan 2023
We are already half way through Jan 2023. It seemed like yesterday that we were still talking about ending 2022.
How time flies!
Wish all my readers a Prosperous, Happy and Healthy 2023!
Regarding the monthly update, you might have noticed that the timing of update has been pushed to more of the middle of the month, rather than the end of the month.
This is because towards the end of the month, depending on the exact date of update, our salary may or may not have come in, which creates the undesired inconsistency in our monthly numbers, i.e. some months might include no salary while other months might include two months of salary.
Therefore, going forward, I will try to publish the update before 22nd of each month, which means our Jan salary will be counted in Feb and Feb salary in March etc.
This is not ideal, but at least the consistency is kept.
Here is the snapshot of our Total Net-Worth for Jan 2023.
Net-Worth increase from last month: 34K SGD, -0.38KG Gold
Typically, we will have a bigger increase in Jan, due to AWS, bonuses, CPF interests etc.
But this year, we were hit by further losses from my wife’s portfolio. She found time to do a detailed portfolio check, only to find out that our losses were far more severe than our quick estimate.
The losses were recorded in this update.
On top of this, we also suffered some loss due to exchange rate in this cycle.
Luckily, the market has been doing well after the new year and our portfolio recovered a bit, which, together with our work income and CPF interest, was able to make up for the losses.
In terms of Gold, our little TNW increase was easily erased and more by Gold price increase. We had negative growth this month.
Investment: -8.27% annualized return, incl. dividend
This is a big improvement compared to last month. But this is not a true reflection of our portfolio performance as this is mainly because we placed quite some money in T-bills and SSB, increasing our investment base.
In plain and painful words, our losses did not reduce significantly. We are still in deep deep RED.