QAF

Booked a small profit of 900ish from sale of 5k qaf at 0.97

Downgrade my hdb from 5rm to 4rm

Second half last year 2020, we began to look for areas and houses to target to move to next.

We were very picky because we initially want a flat that would meet our wishlist

1) squarish living room

2) longish kitchen

3) high floor

4) corner

5) windy

6) no need major reno

7) cheap

With the above, we went searching, ploughing through propertyguru and 99.co to view flats.

We actually narrowed down our search to jurong west, teban and pandan garden, as they were close to my mum place. But each time we saw something we like, other woul beat us to it. This went on for 6 mths.

Feeling very rejected, we were resigned to continue living at our place. But heaven has other plans.

We actually chanced upon a bedok unit but it was small, a 4NG.

But unit was high, at 11th floor. Corner door to door. Windy, longish kitchen and square living room.

Only 1 con was that it was blocked by a bto, but still it was quite windy. Another thing was that there will be hip. We were not keen on it but agent wants us to offer and we just offer 500 more than last price. And the deal was closed on that night. We only reached home at 1pm.

2020 dividends

I was looking at my 2020 and 2019 dividends.

2020 dividends were 180 plus dollars higher than 2019.

It was abit surprising but the primary reason was i stocked up on singtel stocks hence thought other companies gave lower dividends, overall it was still up abit.

FIRE

I have some thoughts recently. Due to change of management at my company, staff were either asked to retire or not renewed totally.

There is real fears that my department will be gone. Things change rapidly.

I fear my job will be gone soon. At 37 years of age, my skills are not transferrable. That day will come soon.

To prepare myself for the inevitable, I decided to downgrade from 5 room to 4 room.

Over the past 4 months, we have been actively looking for a 4 room flat below 400k. And we managed to secure an option just last sat.

Now we turned our focus to selling our current flat.

We need not wait for the sale funds to be able to buy the new hdb. 

Hopefully we can get 500k for our flat.

So after doing some calculation, I would be able to reduce my debt from 202k to 140k.

I should be able to fully pay off my loan in 3 years.

2 jan 2021

I started the morning doing a yearly review of my net worth.

I started this in 2018.

I used my assets - my liabilities = net worth.

My assets include cash, cpf, investments. My liabilities consist of our home loan and car loan.

This year my net worth went up from 141k to 234k.

Moving to Bedok

After searching for a home for months, we finally got a otp (option to purchase) for a Bedok 4NG flat.

We never thought we would buy a 4NG because we wanted a place with at least 1000 sqft. 

But these past few month of home searching, we werent able to outbid others.

Funny thing is that the agent was the one who called me to go view the unit out of the blue. Had wanted to view the unit but the owner wasnt keen to let us view after 8pm. Then we thought that there was no viewing for sat night when I received the call from the agent to get then at 7.30pm.

After viewing the place, it ticked off some of our wish list

- squarish living room

- long kitchen

- high floor (not top floor)

- breezy

- broken marble floor

- get brand new toilets (hip in 2nd quarter 2021)

- chinese neighbour

- door to door unit

For the price, we may need to top up a few thousands for the cov, but we thought it was reasonable given that units command cov of 20k easily.

Finally we can rest abit, and focus on selling our current flat.

Sembcorp Marine

Initially I intended to keep my SCM shares, after I got them through owning SCI.

But because I am thinking of moving houses, I felt that it was time to let go.

After selling off SCM, my breakeven for SCI is 2.17.