I do not often have a look at my CDP assertion lately as a result of I actually dislike it on-line.
So uncomfortable.
I miss the paper statements a lot.
Sure, I do know the argument for going inexperienced however I’m not positive that going from chopping down bushes to guzzling power in knowledge facilities is an efficient commerce or not?
In spite of everything, we are able to replant bushes however except we’re utilizing renewable power, knowledge facilities are huge polluters, if we give it some thought.
1. SSBs
Anyway, I needed to examine my CDP assertion simply to make certain that my paper data are correct for Singapore Financial savings Bonds.
Because it seems, there was a Singapore Financial savings Bond which I considered shopping for however wasn’t positive if I may.
I blogged about it but it surely wasn’t very clear.
See:
SSB 3.06% p.a. 10 years common yield.
Effectively, I couldn’t discover any hint of this in my CDP assertion.
Blessing in disguise, possibly.
In spite of everything, this month’s supply is for 3.4% p.a. 10 years common yield.
2. SSB redemption.
I’m redeeming SBMAY23 which I did purchase.
That supplied a 3.07% p.a. 10 years common yield.
That was purchased to partially substitute CPF voluntary contributions in 2024.
See:
Saving for earnings 3.07% p.a.
Will use the funds to use for SSB this month.
However the funds will solely come again to me subsequent month!
How like that?
I should use cash in my warfare chest first and the returning funds will return to my warfare chest subsequent month.
Like I mentioned within the earlier weblog put up, AK can juggle cash.
3. Forgotten SSB!
Whereas taking place the checklist of investments in my CDP assertion on-line, I discovered an SSB that I forgot I had!
This was purchased in 2018!
OMG!
10 12 months common yield of lower than 3% p.a.
Alamak!
OK, I’m redeeming that too.
The funds will go to my warfare chest subsequent month.
Extra money for T-bills, possibly.
4. SSB mission for 2023.
Anyway, this can be a weblog put up to remind myself of what I’ve executed and what I’m doing within the SSB area.
Mission completed in changing VC to CPF with SSBs in 2023.
5. SSB mission for 2024.
For VC to CPF in 2024, I’m (re)making use of for SSB this month with funds from the redemption of SBMAY23.
Along with one other SSB bought in March, it will (re)full the mission for 2024.
I considered redeeming the SSB purchased in March too however I’ve a sense that the SSB this month goes to be oversubscribed as properly.
So, I may find yourself being solely partially allotted if I utilized for a bigger quantity.
Anyway, my warfare chest does not like being depleted even when solely non permanent.
With yields on the lengthy finish of the curve rising, like I mentioned in an earlier weblog, there isn’t any hurry to lock in increased yields.
Well-known final phrases? Perhaps.
6. SSB mission for 2025.
If I get what I apply for this month, it could be $15K of SSBs in complete for the 12 months 2025.
Since this can be a mission for 2025, I’ve loads of time to finish it.
Crossing fingers that 10 12 months common yields for SSBs will stay comparatively excessive.
See:
SSB 3.4% p.a. (and 6 months T-bill ladder.)
If AK can purchase SSBs, so are you able to!
