Singvestor's awakening

Where are you and where are you going?
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singvestor
Posts: 106
Joined: Tue Jul 21, 2015 12:48 am

Monthly update #37: July 2018

Post by singvestor » Thu Aug 09, 2018 11:43 am

Let's start with the positive news first:
Monthly goal review:

- 22 days no alcohol: achieved – 22 days
- 14 times sports: achieved: 14 times

I felt so much better at the end of the month...

Overall I ate quite clean, except the occasional moments of weakness in which I ate some of my beloved Belgian fries or indulged in some of the tasty beers of my new homeland.

ERE Scorecard July

Saving rate was 44% for July, year-to-date saving rate is 60%.
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Portfolio update


In July my portfolio increased by SGD 9,346 or 3.1% to SGD 314,706 (USD 230,700). Fresh investments of SGD 5,730 and gains of SGD 3,616 made up for this increase.

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Investments vs. plan

I invested SGD 5,730 into my portfolio which was a lot less than planned (SGD 8,000).

Fortunately, I am still ahead of the plan, thanks to a good performance in previous months.

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New excitement: Founding my own company

The reason for failing the investment goal is my new company.

I had an idea for a small business and have been working on the plan very intensively the last six weeks or so. Every single free moment has been spent on it, weekends, evenings etc.

It is frightening, exciting and exhausting all at the same time. The business will cost approximately USD 7,000 to set up, I hope to pay for this and still maintain the investment plan of

SGD 100,000 for this year.

Dividends received

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SGD 2,198 - it was a bumper crop of dividends this month.

Hypothetical monthly income (4% WR)

[bSGD 1,049[/b] - slow progress.

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Outlook

August is a very exhausting month with plenty of business and other trips and high pressure at work. I am quite exhausted. Goal: finish company setup to prepare launch for October 1. 12 times sport, 20 times no alcohol. Looks challenging on the sport side, but I have to step up my efforts!

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BRUTE
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Re: Singvestor's awakening

Post by BRUTE » Fri Aug 10, 2018 12:11 am

a company? how exciting. can Singvestor talk a little bit about what he's planning to do with the company?

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singvestor
Posts: 106
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Re: Singvestor's awakening

Post by singvestor » Sun Aug 12, 2018 2:46 am

Thanks Brute! A bit hard to explain without doxing myself, as there are only 3–4 companies in the world offering a similar product. It is a specific service that helps companies solve a specific problem.

My company only offers two standardized products which combine my experience with two, three external suppliers into the final product. A lot of it is automated, so I do not have to do much operational work.

Yearly profit could be anywhere from –3000 to 120,000 EUR, I would consider it a success if it could be over EUR 1,000 a month. Launch is now planned for October 1, if all works out with the bureaucracy.

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BRUTE
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Re: Singvestor's awakening

Post by BRUTE » Sun Aug 12, 2018 1:45 pm

good luck!

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singvestor
Posts: 106
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Monthly update #38: August 2018

Post by singvestor » Mon Sep 17, 2018 2:05 pm

It is embarassing, but...

- 20 days no alcohol: failed: 18 days
- 12 times sports: failed: 7 times

September is not looking to good either, oh man.
October will be better.

ERE Scorecard August

Saving rate was 50% for August, year-to-date saving rate is 59%.

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File gone ☹

I managed to lose my Excel file with all my charts and data. Only had a six-month-old backup. Now I migrated everything to Google sheets, but the charts are not as good. Google Sheets is quite limited in this regard. On the other hand being able to access the file from multiple devices is great.

Portfolio update

In August my portfolio increased by SGD 5,265 or 1.7% to SGD 319,971 (USD 232,841). Fresh investments of SGD 6,023 and decline of SGD 758 contributed.

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Investments vs. plan

I invested SGD 6,023 into my portfolio which was less than planned (SGD 6,300).
Fortunately, I am still ahead of the plan, thanks to a good performance in previous months.

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Dividends received

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SGD 156

Hypothetical monthly income (4% WR)

SGD 1,067 – crawling up a hill.

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Outlook

My own company is making progress, but European bureaucracy is a battle. Hopefully everything is ready in October so I can hunt some customers. Chance of success: 20%.

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singvestor
Posts: 106
Joined: Tue Jul 21, 2015 12:48 am

Monthly update #39: September 2018

Post by singvestor » Mon Oct 01, 2018 1:31 pm

What a disaster, monthly goal review:

- 20 days no alcohol: failed: 14 days
- 12 times sports: failed: 8 times

I will fix this in October. Calories in > calories out. 2 kgs of weight to reduce in October. Same program like in July.

Morroco

Traveled through Morocco and Southern Spain with DW and a group of close friends that I have known since childhood. Amazing experience that provided a lot of clarity and outside perspective. Felt holiday afterglow that urged me to quit job and drive off into the sunset trusting that things will be fine. Existential crisis when returning to day job polishing political PowerPoints.

Own company

Spent some more money on establishing own company. Guess about SGD 700 or so. Will do the detailed accounting of company costs at the end of the year and just count it as spending for now.

ERE Scorecard


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Saving rate for September was 45%. Ouch. Did not buy unneccessary stuff, but had a long vacation and attended a wedding of a very close friend whom I gave EUR 500 as a wedding gift. Rest of the year will be more frugal with all trips and weddings completed.

Portfolio update

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In September my portfolio increased by SGD 5,722 or 1.8% to SGD 325,693 (=USD 237,500). Fresh investments of SGD 5,164 and gains of SGD 558 contributed.

Investments vs. plan

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I invested SGD 5,164 into my portfolio which was less than planned (SGD 6,300). This means that I am now SGD 481 behind the plan for the year. I need to be a bit more frugal, especially since I need to spend some money for the new company.

Dividends received

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SGD 267 - not bad.

Hypothetical monthly income

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SGD 1,086. Looking forward to the SGD 1,600/month milestone at SGD 480k at which I will get EUR 1,000 monthly for life :)

Outlook

Rest of the year will feature stress at work, but I have no more big travels planned. Key focus is to get the own company off the ground as fast as possible.

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Viktor K
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Re: Singvestor's awakening

Post by Viktor K » Tue Oct 02, 2018 10:26 am

What’s your alcohol spending month to month? Thoughts on a spending target vs. a days without alcohol target?

Also what’s the motivation? Health? Weight? Negative aspects of intoxicated singvestor? Hangovers?

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singvestor
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Re: Singvestor's awakening

Post by singvestor » Fri Oct 05, 2018 9:09 am

Interesting ideas!

Alcohol spending is overall very small in the big theme of things. Health and maintaining my weight are the primary drivers for reducing alcohol. I figured out that 12 days sports and 20 days no alcohol are the ideal balance to keep weight and fitnesslevel constant for me.

Life without any alcohol would be the best from a health perspective, but I love drinking beer to much to accomplish that. Terrible but true :)

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Bankai
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Re: Singvestor's awakening

Post by Bankai » Fri Oct 05, 2018 4:06 pm

What about limiting alco to Fridays & Saturdays (8 days a month) plus 2 'wild cards' per month (for a total of 10d/m)?

You could then workout every Mon, Wed & Fri (before having a beer on Fri evening) for a total of 12d/m.

Alternatively, the cycle of 2 days of work out, a day of drinking, 1 day of workout, a day of drinking & repeat. This way you would always work out at least 1.5x as many days as you'd be drinking, or at least not drink if you've not exercised. Although a con of this approach is associating alco with reward (for working out).

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singvestor
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Monthly update #40: October 2018

Post by singvestor » Mon Nov 05, 2018 9:04 am

Back on track, monthly goal review:

- 20 days no alcohol: achieved: 20 days
- 12 times sports: achieved: 12 times

Thanks, guys, for your encouragement! Now that I have stabilized the alcohol and sport it is time to increase the sport effort.

October

Work was tiring, so was the setup of the own company which is still ongoing. Still working on it with full steam, so far it has only cost money but have not found a single customer. Was focusing very much on the logistics of the company, but did not look for customers actively. The plan is to stay in soft launch mode until January and then kick off the active promotion.

ERE Scorecard

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Saving rate for October was 51%. Would have been better, but got a surprising tax bill for SGD 1,175 (about USD 850). Strange way of calculating, but did not want to fight HR, since the company tax equalizes me in Europe which costs them a ton.

Portfolio update

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October was the worst month since I started tracking my portfolio. Portfolio declined by SGD 14,299 to SGD 311,394 (USD 226,200). Fresh investments of SGD 7,132 were offset by a decline of SGD 21,431

Investments vs. plan

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I invested SGD 7,132 into my portfolio which was less than planned (SGD 8,300). This means that I am now SGD 1,649 behind the plan for the year.

Own company has cost over SGD 3,000 so far and will probably cost another SGD 2,000 or so until it is fully operational.

Dividends received

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SGD 2,944 – new record.

Portfolio allocation

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When Asian stocks were taking a beating in October, I used the chance to buy some Bank of China stock which was quite cheap in my opinion and comes with a nice dividend yield. This reduced the cash portion of the portfolio a bit.

Hypothetical monthly income

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SGD 1,038. Things are going backward a bit, but I will keep on with the program.

Outlook

Own company is still in focus.

Heavy allocation towards Asian stock is making this year difficult – SGD 26,000 in unrealized losses so far. It does not overly concern me as I am still in the middle of the accumulation phase.

Life in Europe is more interesting than in Singapore somehow. I have stopped obsessing over the portfolio and personal finances. Not yet sure if this is good or not!

prognastat
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Re: Singvestor's awakening

Post by prognastat » Mon Nov 05, 2018 11:31 am

Good work on sticking to your goals.

What's your eventual goal you're working towards with both exercise and alcohol?

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