What a year 2020 has been. Honestly, I think this year epitomizes the meaning of trials and tribulations. It was the year my wife and I welcomed our LO into our lives and she has been a bundle of joy and energy. But the year has also been challenging with the pandemic and changes to our working arrangements and environment. We are just thankful and hopeful that as we enter into 2021, the situation around us will improve and we will progress steadily towards normalcy.
We received $1135.84 this year in dividends. As we move towards 2021, we are looking to double this amount which would mean receiving ~$200 per month. Honestly, this is just one part of our portfolio and we do not mind the slow and steady progress (as long as there is progression).
We also did some tax optimization by doing some CPF voluntary top-ups. I am grateful that my wife sees value in doing this and planning for our family's future. She has made this journey towards financial security and eventually/hopefully independence is made easier and more enjoyable.
We will be going on a staycation sometime next month and will be doing a mini family-finance retreat as part of it. I am still working on the worksheets that will be made available to everyone who is interested. I feel that as a couple, if we understand what are each other's strengths and weaknesses when it comes to financial planning and spending patterns, it will make the relationship a lot stronger.
In my next post, I will be updating on our 2021 investment direction and strategy. No we won't be going into active trading but we are looking at stocks and ETFs that will grant us some growth and overseas exposure.
Here's wishing that everyone stays safe and healthy as we usher in the New Year!
SG FI Dad, out.
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