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| Water and Wealth from Jewel Changi, Singapore |
It is the first day of 2021. By default, the CPF Board (Singapore Retirement Scheme) will distribute its interest for the year 2020 on all accounts within an individual CPF.
After taking into account the CPF monies and all my assets, excluding property, I realise that I have about SGD 3 Million, which is equivalent to US$2.27 Million (base on 1 Jan 21 exchange rate). However, CPF monies are immobile and they are largely for the purpose of retirement.
A part of the wealth comes from US Equity and ETF investments which has recorded its highest level, even though Covid pandemic is spreading across the world. On the other hand, the Singapore Stock market is one of the poorest performer in the world for returns on investment, for year 2020.
The downside of US Equity and ETF investments is that US dollar has been slipping in value against major currencies of the world, including SGD. (from 1.40 to the current 1.32)
Happy New Year to everyone!
