Wrapping up my 20th month of Financial Independence

I just finished my 20th month of FI (Financial Independence) in Jan 2025.

Below is what I ate and did for fun, and a record of my expenses.

Eating

My usual home-cooked egg-onion-avocado wrap.

My usual home-cooked egg-onion-avocado wrap.

My usual home-cooked egg-onion-avocado wrap.

Saw this in a food blog and decided to try it out. Turns out ok only.

My usual home-cooked egg-onion-avocado wrap.

This one not bad but quite a heavy meal.

                                                        

This malay dish was the highlight of the month. The sambal udang was really sedap, with old-school taste.

Fun

This month was the usual Chinese New Year visiting family stuff. Other than that, my younger kid learned how to cycle on 2 wheels! Achievement unlocked!

Since my kid just learned how to cycle 2 wheels, the whole family cycled from Changi Village to Changi Bay Point, each with their own bikes!

Expenses (Discretionary only)

 

Eating Out Target: $650

Eating Out Actual: $777.12 (a few birthday meals this month)

Household Target: $600

Household Actual: $318.43

Travel Target: $100

Travel Actual: $46.28

Entertainment Target: $50

Entertainment Actual: $144.55 (went rock climbing - expensive nowadays!)

Personal Target: $250

Personal Actual: $154.36

Onwards to the next month of FI! 

Portfolio Returns for Jan 2025

I felt it would be good to track the returns regularly since they fluctuate occasionally frequently depending on the stock market.

Here are the movements for this month. My cryptocurrency portfolio is unstoppable. Too bad it only represents 1.6% of my total portfolio.

                                

Same chart as above but converted to a column chart.

For the Robo-Advisors, it did go up again this month. However, Syfe Reit+ is still negative :( This is because Trump is re-elected as US President, and his policies are thought to be inflationary. As such, the Fed will likely have to maintain high interest rates for longer period of time, which is bad for REITs. 

Same chart as above but converted to a column chart.

Additionally, I think it will be interesting to see the breakdown of my portfolios in percentages (below). There is a component 'X' which I do not want to disclose for now. The concentration of 'X' is now 7.3% but is still too high. 

In terms of market events, recent inflation reports have been mixed, with some data indicating persistent inflationary pressures. This has led to a reassessment of the Fed's potential rate-cutting trajectory, with some analysts suggesting that the central bank may pause or even consider rate hikes if inflation remains above desired levels.

https://finance.yahoo.com/news/fed-may-halt-interest-rate-123742607.html

Also recently there was a downturn in my portfolio. But following my past practice, I just did nothing until it recovers. Recovered it did, with this piece of news coming out, which indicates inflation is coming down:

https://www.cnbc.com/2025/01/15/cpi-inflation-december-2024-.html

With that, the stock market surged:

https://www.reuters.com/markets/us/futures-flat-caution-ahead-bank-earnings-key-inflation-data-2025-01-15/

I am reminded of the verse in Sun Zi's Art of War:

不动如山，动如雷震 （Unmoving like a mountain, moving like thunder）

I guess now is not the time to move yet. 

Dividends for Dec 2024 - Towards 5k a month

Here are my dividends for Dec 2024:

                                    

So I collected $3,177.71 in dividends for this month. 

 
In case you are wondering, some stocks are repeated because I have 2 brokerage accounts.

Here are my monthly dividends over the last 6 years:

                                 

Here are the dividends I collected every year until the current day

                                

For the year 2024, my average monthly dividends per month is now $2,514.39 - I hit my 1st target of getting 2.5k a month!. 

Here is the progress of my average monthly dividends over the years:

                         

I plan to first receive $2500 (achieved), then finally $5000 in dividends every month on average.

Additionally, I share the interest I received from the various banks for the deposits in this month:

                                        

So I collected $766.15 in interest payments this month.

Also, in this month I made $78.30 from my side hustle - Grabfood delivery. For the whole year, I made $567.80 doing food delivery. Overall, its great fun!

All in, I made $4,022.16 this month from dividends, interest, food delivery.

Onwards!   

  

Wrapping up my 19th month of Financial Independence

I just finished my 19th month of FI (Financial Independence) in Dec 2024.

Below is what I ate and did for fun, and a record of my expenses.

Eating

Christmas season so ate Hot Tomato

SIA food! The potatoes were really good.

Oxtail soup in Korea.

The highlight of this meal was the rice. Not too dry, not too soggy, very chewy.

Scallops! In Busan.

Some fancy restaurant with artisan dishes in Busan. 

Abalone rice.

More abalones in Jeju Island!

                                                    

Top it off with cake.

And ice cream snow dessert.

And coffee.

Fun

Vivaldi Ski Resort in Korea.

Nice ski slopes.

Busan. Leaves are still red even though it is Dec.

Mound in temple.

Busan.

Gamecheon village Busan.

Busan beach. I think Busan has better beach, though Jeju locals tell me otherwise.

Expenses

 

Eating Out Target: $650

Eating Out Actual: $864.63 (Dec holidays so ate more)

Household Target: $600

Household Actual: $1,242.11 (Bought a new washer dryer)

Travel Target: $100

Travel Actual: $66.07

Entertainment Target: $50

Entertainment Actual: $36

Personal Target: $250

Personal Actual: $1,002.84 (Wedding angbao)

Even though I busted the monthly budgets for some months, for the entire year, I did not bust my annual budget.

In fact, I underspent my yearly budget by $4,731.13. I will save this for a rainy day, when I need to spend more on household items.

For the record, also will like to add that I earned $567.80 doing my side hustle (food delivery) in 2024.

Onwards to the next month of FI! 

Author's note: I was pondering whether it is worth the time to write share these stuff.  In the end, I decided to continue this series for a while more, as it serves as a good record of my life at this point of time and how I manage my money.