My Full Year Financial Report for Year 2011

Year 2011 is almost over, and now it would be a good time to generate my full year financial report for 2011 (Jan 11 to Dec 11).

My Passive Incomes:

The above table shows the total for each of my passive incomes collected from Jan 11 to Dec 11. For my passive incomes, I have managed to collect a total of $25080 for the whole year, which is about $2090 per month. If include the realised gain of $8385 from selling some of my shares, the total extra incomes for this year will be $33465, which is about $2788 per month.

My Monthly Expenses:

The above table shows my total monthly expenses. There are no changes since the beginning of the year. I am still following my old rule to keep my expenses as low as possible by not spending money on the things that I will not need.

My debt:
As for my only outstanding debt from my housing loan, it has reduced from $33000 to $14000.

Conclusion:
This year is quite a fruitful year for me though I did not able to achieve one of my New Year resolutions of having a passive income of $2400 by end of 2011. I give myself a "B+" grade for this year performance.

My Passive Income (Month of Dec 11)

CPF(OA): $175 (from interest and dividends)

Cash: $1642 (from dividends and other passive incomes)

Total: $1817

Target: $3200

Achievement: 56.8%

There are no changes in my passive income 1, 2 and 4

For passive income 3, there is an big drop as I am diversifying my investment portfolio.

How much debt do I have? (Dec 11)

In Sep 11, I had recalculated my total debt which is totally from the mortgage loan of my flat to be $19K. The calculation is based on using the outstanding housing loan amount minus away my total family CPF OA amount.

Today I have recalculated my total debt again, and it has reduced by another $5k. In my post on "What I hope to achieve in 20 years?", I mentioned that I wanted to reduce my total debt to $0 within the next five years, Based on my conservative estimation, I think it is achievable before the end of next years. I will stop keeping track of my passive incomes from my CPF in my blog for next month onwards.

Last but not least, wish all of you a MERRY CHRISTMAS!!!

Lasik treatment for both my eyes.

I have my epi-lasik treatment done for both my eyes this wednesday. As the recovery will take about two weeks, sorry to say that I will not be able to do any posting due to poor vision now.

Diversifying my investment portfolio (Part 2).

This week, I have continued to diversify my investment portfolio to contain more types of shares.

For a summary for the changes in my portfolio, I have further reduced my Singtel to 10 lots and have sold all my CIT shares. At the same time, I bought 10 more lots of Singpost, 2 more lots of SGX and 10 lots of SMRT. The above is the pie chart of my overall investment portfolio based on current market price.

If you have any comments or questions for my portfolio, please feel free to let me know.

My Passive Income (Month of Nov 11)

CPF(OA): $247 (from interest and dividends)

Cash: $1698 (from dividends and other passive incomes)

Total: $1945

Target: $3200

Achievement: 60.8%

There are no changes in my passive income 1, 2

For passive income 3, there is an big drop as I am diversifying my investment portfolio.

For passive income 4, there is an decrease of $4. However since it is still in the building stage, I will be expecting it to go up and down. In my post "Forget about achieving Financial Freedom if you do not have perseverance or refuse to learn.", I have mentioned that it will take time and effort to build up passive income.