It was no shock to see the portfolio target drop to 2.9% as full payment was made towards income tax and various insurance premiums. Besides crypto, all other areas did decently as stocks continued its upward momentum. I note as compared to this period last year, my dividend income rose by 5%. Good but it's a bit too slow and need an acceleration booster. My bonus just arrived, now waiting to be deployed.
What is the most important financial advice you have heard? Some would be concerned with risk management, savings or simply to start in investments. All of them are valid but I hold one particularly close i.e keeping expenses below income. Because it's easy to understand but toughest to do. Typically, most people see an increasing income over a career span along with heavier spending. However, when it comes to stop work, they couldn't adjust their lifestyle accordingly. I have an uncle who was an electrician, supported his family of five on sole income and still stay in the second HDB bought. Now, his children are working and he just does the occasional Grab driving to pass time. Throughout the years, he's always maintained a cheerful outlook even though I know he's not a median earner. Then, there's another uncle who started off well, drove a continental car at an early age and enjoyed travelling. He was also the sole breadwinner for a family of four. Things caught up when business started to dwindle and eventually folded. From an apartment, his family moved into a HDB and now no longer owns a car. I witnessed this over the years and continue to observe today. Both uncles are similar in age, retired yet have distinctly different outcomes. One maintained a consistent pace while the other chose a YOLO path. Another interesting point about them is as far as I know, both didn't do any form of investments. Yet, it's clear whenever I speak to both my aunties, one feels light-hearted about life while the other has a perpetual stressed look. Hence, over a span of life's most productive years, the spending choice one make will leave its mark in the latter years.
Dividends as of May 2026: $4023.22 (avg $804.64 per month)
Tip: Sawanoi Junmai Daigingo, aromatic and slightly sweet, a good generalist
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