I turned 29 years old today and this is third edition of the birthday post. As a customary edition of this posting, I usually start by evaluating how I did in the past one year against the projection target set. Then will post on something lighter on this birthday edition.
It's glad to know that I am doing relatively well on what I deemed as a very stretched target set at the beginning. My current portfolio for Aug 14 stands at $277,695, which is 13% higher than the original target of $245,920.
Some readers have asked me how I managed to put in $60,000 capital a year. This is really just a stretched target that I have set for myself. I doubt I will be able to do that unless the bonus or other income coming in are really strong for the year. With a kid now on the boat, it is even harder to inject that much capital monthly into the portfolio. The savings rate has also dropped significantly since.
But hey, so far so good so no complaint from me. The next target for next year will be the big one as I hit the glamorous age of 30 years old and we'll see how the portfolio goes. The market conditions will play a big part to succeed that.
Projection Target
| Year | Year | Starting Capital | Cumulative Annual Capital Injection | Dividends on Starting Capital | Total Yearly Dividend Payout | Monthly Passive Income |
| 0 | 1/9/2012 | $100,000.00 | $60,000.00 | $6,000.00 | $6,000.00 | $500.00 |
| 1 | 1/9/2013 | $166,000.00 | $60,000.00 | $9,960.00 | $13,920.00 | $1,160.00 |
| 2 | 1/9/2014 | $245,920.00 | $60,000.00 | $14,755.20 | $19,190.40 | $1,599.20 |
| 3 | 1/9/2015 | $345,030.40 | $60,000.00 | $20,701.82 | $25,453.25 | $2,121.10 |
| 4 | 1/9/2016 | $469,594.05 | $60,000.00 | $28,175.64 | $33,302.84 | $2,775.24 |
| 5 | 1/9/2017 | $627,460.53 | $60,000.00 | $37,647.63 | $43,245.80 | $3,603.82 |
| 6 | 1/9/2018 | $828,572.82 | $60,000.00 | $49,714.37 | $55,909.12 | $4,659.09 |
| 7 | 1/9/2019 | $1,085,594.23 | $60,000.00 | $65,135.65 | $72,090.20 | $6,007.52 |
| 8 | 1/9/2020 | $1,414,705.83 | $60,000.00 | $84,882.35 | $92,807.76 | $7,733.98 |
*Above excel spreadsheet was extracted from www.investmentmoats.com
So that is it. I dream today and wake up tomorrow and when I do so, I live to look forward for the next 365 days to my big 30th birthday. Until then, I wish everyone healthy and happy.
"Dream as if you'll live forever. Live as if you'll die today"
~~
So, on a more relaxing note, I brought my family to Marina Bay Sands where we planned to eat the Pizzeria Mozza. It was tightly packed so we went to the neighbour to eat the DB Bistro.
It was a heavy spending for the meals. The four of us, and my baby (he didn't eat anything of course) consumed a total of $350 worth of food. It was quite pricey and the food was too westernized for my liking. I preferred a chinese meal where it might suit the overall taste of the recipient better. In any case, it was a good meal, a good gathering with the family, and it was my first birthday celebration together with my son :)
No present this year but no worries. I am probably too old to get mad for not getting any present anyway.
So that is it. I dream today and wake up tomorrow and when I do so, I live to look forward for the next 365 days to my big 30th birthday. Until then, I wish everyone healthy and happy.
"Dream as if you'll live forever. Live as if you'll die today"
~~
