Sunday, June 4, 2017

2017 Half-Yearly Reflections Review

In a blink of an eye, we are almost halfway towards the year and I think it is quite an appropriate time to do a review of what has been set out as objective at the start of the year.

My youngest son is already 4 months old (having born in the same year same month same day as fellow blogger LP's son) and I am happy seeing him grow happily and healthily and soon enough will be able to play with his elder brother, who's already 3 years old plus now.




As part of the annual exercise, I wrote an objective that I wanted to achieve in 2017 towards the end of last year. For easy reference, I have re-pasted the link here.

Let's go through the objectives one by one.

2017 Goals


1.) Portfolio Networth of $600k


Half Yearly Verdict: I set myself a pretty lofty goals to achieve a $600k networth by the end of 2017. Expenses this year was rising due to the birth of my second son and I expect cashflow to remain very tight in the household. The bull market we have this year has helped to alleviate the situation as the portfolio has gained a respectable return this year such that I have achieved this goal already by mid year which was way beyond my expectations. I'm just going to maintain this goal by the year end and not increase the expectations at this point. I'm also aware that any reversal in market performance will result in a reversal in my own performance.

Verdict: Pass

2.) Dividend Income of $24,000

Half Yearly Verdict: Up until the 2nd quarter, I have received $15,142 dividend income thus far so that left me with a target of $8,858 to achieve in the second half of the year.

I think I'll manage to hit this as Aug tends to be a bumper dividend months where most of the companies are paying interim. Unless I'm cashing out for the profits, I think this should be achieved this year.

Verdict: Pass

3.) Build up on the Child's Portfolio

Half Yearly Verdict: I've successfully build up little bricks at a time on both my children's portfolio and I will be updating them soon as I have made changes by switching companies from ST Engineering to Singtel. I'll update them together with mine in the next portfolio update.

I'll add to it again sometime in Aug when they receive their final dividend from Singtel.

Verdict: Pass

4.) Project Miles

Half Yearly Verdict: Thus far we have chalked up to about 150,000 krisflyer miles so far using primarily the Citi Premier Miles as we tend to almost charge all our expenses (other than dining) to the card, both locally and overseas. My wife is the main contributor as she uses the card for her personal business which needs to charge her expenses overseas.

We are traveling to Thailand in Dec but will be more likely to use the miles sometime next year to Taipei.

Verdict: Pass

5.) Influencing Personal Finance and Investing Interests Amongst Close Friends

Half Yearly Verdict: I received a few emails and requests from friends both offline and online on a few questions to get them started. While an email or a simple lunch meet-up are not going to be comprehensive, I hope it generates some sort of interests in personal finance that each and everyone of us have to take responsibility of.

Verdict: Pass

Summary

It's been a relatively good half yearly result in terms of all the objectives that I wanted to achieve this year. I hope I'm not seeing anything nasty surprises in the second half of the year that will dent any of the objectives but will also not put my guard down and getting complacent about it.

In terms of family, good meet-up with parents right now, and the two boys growing healthily, which puts importance above anything else.

Hope you had a good year too so far.

Thanks for reading.


14 comments:

  1. Hey B,

    That backdrop, is Rasa? Nice place for kids right? Enjoy the next half of the year!

    U have fun. Free fireworks looking towards the wing of times from hotel. LOL.

    ReplyDelete
    Replies
    1. Hi SI

      Yes incredible place down there. I'm already missing it. Dang I didnt see the wing of times from the hotel. Must have missed it, though we do catch the crane show.

      Delete
  2. I followed yr blogs closely. I am planning to sell most of my UT and go for dividends play like u do..

    ReplyDelete
    Replies
    1. Hi Anonymous

      Thanks.

      Just be aware that some of the dividend companies valuation may be on the higher side right now. Unless your timeframe period is very very long.

      Delete
  3. B,

    Your son's hairstyle as cool as mine :)


    ReplyDelete
    Replies
    1. Hi SMOL

      We intend to keep it that way for the next 7 years. hahaha

      Delete
  4. Hi B,

    Grats! Let's all progress together on our respective life journeys!

    Cheers!

    ReplyDelete
    Replies
    1. Hi UN

      Thanks and lets continue on our journey to our goals :D

      Delete
  5. Replies
    1. Thanks and keep up the good writing too :)

      Delete
  6. Wow I love all of your goals. Looks like you're going to have to up the goals for 2018 since you're passing these with ease :) Keep up the awesome work!!!

    ReplyDelete
    Replies
    1. Thanks MSM.

      Good job at your side too and thank you for commenting.

      Delete
  7. First time reading on your blog. Thanks for your kind sharing about the mindset and financial knowledge in achieving life goals. I'm still at the very beginning of the learning curve to start some minor investment. Your articles are valuable in guiding us.

    My name is Puikey, actually your dear wife Ivana(Nana)'s coursemate last time. Send my regards to her :)

    Thank you and wish you succeed in your life goals ahead!

    ReplyDelete
  8. First time reading on your blog. Thanks for your kind sharing about the mindset and financial knowledge in achieving life goals. I'm still at the very beginning of the learning curve to start some minor investment. Your articles are valuable in guiding us.

    My name is Puikey, actually your dear wife Ivana(Nana)'s coursemate last time. Send my regards to her :)

    Thank you and wish you succeed in your life goals ahead!

    ReplyDelete

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