6M 2016 'Balance Sheet'
"I define my current asset has all assets that are reasonably expected to be converted into cash within a month. My current assets include cash in the bank and equities. For simplicity sake, anything from a long-term perspective, it will be placed in my non-current assets. This includes my insurance (value till date), CPF Ordinary & Special Account (similar to America's 401K), and Supplementary Retirement Scheme (SRS) Account."
There is a slight drop in my current assets, mainly due to the performance of the stock market (portfolio is currently down 6.26%) and savings have increase at a much slower pace. In the last 4 years. there was a yearly transfer of S$12,750 to my SRS account and I think I am not able to save more without impacting my lifestyle. As much as I want to grow my savings, it gets harder to save the next S$100,000 for my war chest.
In the last 6 months, I seen another 10% increase in my current assets. My CPF has been growing at a much faster pace now.
Looking forward, I hope to surge pass the $650,000 mark. I will have to look into my spending and slowly, bit by bit, build this portfolio.
