This is the first week of 2017. Happy New Year everyone!
2016 ended remarkably well for me and my family as far as
intangible non-material aspects of life is concern. My family is healthier both
physically and spiritually. Relationships in my house improved tremendously
too. Above all, we were blessed with a godsend baby boy due in few months
time. Financially, while income and investment returns fall, overall financial
status and net cash inflow (income minus expenses) for the year are very
healthy.
intangible non-material aspects of life is concern. My family is healthier both
physically and spiritually. Relationships in my house improved tremendously
too. Above all, we were blessed with a godsend baby boy due in few months
time. Financially, while income and investment returns fall, overall financial
status and net cash inflow (income minus expenses) for the year are very
healthy.
The year also ended well with a close to three weeks break from
work for me and my wife clearing year end leave. This resulted in a family
stay-cation at Sentosa and several gatherings with friends and
siblings knitting closer relationships.
work for me and my wife clearing year end leave. This resulted in a family
stay-cation at Sentosa and several gatherings with friends and
siblings knitting closer relationships.
2016 at a Glance
Before we start recapping year 2016 notable events for the World
and Singapore, I wanted to clarify I am not a pessimist. As far as I could, I
tried my best to uncover more positive events but sadly there are few. I am not
going to list down too many events, but in general 2016 is really not a
fantastic year for the World and Singapore.
and Singapore, I wanted to clarify I am not a pessimist. As far as I could, I
tried my best to uncover more positive events but sadly there are few. I am not
going to list down too many events, but in general 2016 is really not a
fantastic year for the World and Singapore.
World News
• Donald Trump victory
• Brexit and second ever female UK PM
• Oil price stayed below $50/b and below $30/b
at one stage
at one stage
• Increasing scandals and controversies of
world top leaders – Trump, Clinton, Presidents of S.Korea, Brazil, C.Lagarde,
1MDB and the lists goes long…
world top leaders – Trump, Clinton, Presidents of S.Korea, Brazil, C.Lagarde,
1MDB and the lists goes long…
• Terrorists attacks intensified globally –
US, Brussels, Turkey, Berlin, Parkistan, Bangladesh, Indonesia, Thailand,
attacks etc.
US, Brussels, Turkey, Berlin, Parkistan, Bangladesh, Indonesia, Thailand,
attacks etc.
• Many earthquakes – Ecuador, Japan, Taiwan,
PNG, New Zealand etc
PNG, New Zealand etc
• Zika virus
• Hanjin bankruptcy
• Fed did not hike rate in 2016. BOJ, ECB
& PBOC continued loose monetary policies
& PBOC continued loose monetary policies
• Portugal won Euro 2016 and Liverpool FC
relatively good run under Jurgen Klopp
relatively good run under Jurgen Klopp
Singapore
• Singapore’s first year without LKY
• SR Nathan died
• Singapore first Olympic gold from Joseph
Schooling in Rio
Schooling in Rio
• TPP deal likely to be called off
• Finance minister Heng Swee Keat collapsed
during cabinet meeting and PM Lee trembles during NDP speech
during cabinet meeting and PM Lee trembles during NDP speech
• Beleaguered O&G sector – Swiber and
Swissco’s JM
Swissco’s JM
• California fitness closed in Singapore
• Pokemon Saga
• STI relatively unchanged ending at 2880.76
in 2016 compared to 2882.73 in 2015 year end closing.
in 2016 compared to 2882.73 in 2015 year end closing.
Rolf Suey’s H2F3
Using H2F3 and comparing to what I targeted in 2015 (refer here),
Health
Very good health in 2016 compared to 2015. Medications are no
longer necessary for my gastric and chronic-sinus sicknesses, which tormented
me for years. My BMI was maintained in very healthy range of 24. Quitted
smoking completely including those during social events. Wife encountered a
glitch in health during pregnancy but it was completely healed without medications
or operations. Kids are all healthy too!
longer necessary for my gastric and chronic-sinus sicknesses, which tormented
me for years. My BMI was maintained in very healthy range of 24. Quitted
smoking completely including those during social events. Wife encountered a
glitch in health during pregnancy but it was completely healed without medications
or operations. Kids are all healthy too!
Hobbies
Existing hobby in 2016 such as Gym, Jogging, Swimming, Reading
and Blogging still stay the same. Discover a newfound purpose or hobby if you
will like to call it. This is definitely more important in life. Hence I will
backslide on Blogging going forward.
and Blogging still stay the same. Discover a newfound purpose or hobby if you
will like to call it. This is definitely more important in life. Hence I will
backslide on Blogging going forward.
Relationships – Family and Friends
Last year I ended the similar post yearning to build strong and
quality relationships with people around me in 2016.
quality relationships with people around me in 2016.
I must say I was blessed to be on target.
I experienced hugely improved relationships with families,
friends and colleagues. There are more gentleness and meekness in my life
compared to the past especially towards the end of the year. I learn also to
respect opinions more than before. The result – more peace and joy, expressed
through love.
friends and colleagues. There are more gentleness and meekness in my life
compared to the past especially towards the end of the year. I learn also to
respect opinions more than before. The result – more peace and joy, expressed
through love.
Career
Last year I mentioned my career objective for 2016 is just to
keep my current job and to continue to have sustainable income.
keep my current job and to continue to have sustainable income.
I did it!
Nonetheless, it was a painful year, as I witness not only
departure of many friends in the industry, but also almost all colleagues in my
division in Singapore. I am the last man standing in my division. For how long,
I do not know!
departure of many friends in the industry, but also almost all colleagues in my
division in Singapore. I am the last man standing in my division. For how long,
I do not know!
Finance
TOTAL INCOME from decrease 12% in 2016 yoy. This is due to
lesser bonus in salary as well as lesser income stream from writing free-lance
O&G articles, and no baby bonus which was received in 2015.
lesser bonus in salary as well as lesser income stream from writing free-lance
O&G articles, and no baby bonus which was received in 2015.
TOTAL EXPENSES grew however by 7% because of sale of car and
fully paid car purchase, house renovations and income tax paid which was waived
in 2015 because of newborn tax rebate. However because car is fully paid almost
until 3Q2017 and there will be rebate of OMV, the savings will be realized in
2017. This means that 2016 expenses could have been lower.
fully paid car purchase, house renovations and income tax paid which was waived
in 2015 because of newborn tax rebate. However because car is fully paid almost
until 3Q2017 and there will be rebate of OMV, the savings will be realized in
2017. This means that 2016 expenses could have been lower.
NET CASH FLOW decreases significantly by 33% due to lower income
and higher expenses.
and higher expenses.
MY STOCK PORTFOLIO fell, because of my
exposure primarily in Swissco which had enter into JM. Incurred
realized losses after dividends of 2-3% of entire portfolio. Including
unrealized losses, TOTAL losses of portfolio accounted for 6% of entire
portfolio!
realized losses after dividends of 2-3% of entire portfolio. Including
unrealized losses, TOTAL losses of portfolio accounted for 6% of entire
portfolio!
I had been reducing my exposure in stocks gradually throughout
2015 & 2016 and now my stock portfolio is only a mere 7-8% of my entire
portfolio. Out of it, a large portion is invested as stocks in my SRS
account.
2015 & 2016 and now my stock portfolio is only a mere 7-8% of my entire
portfolio. Out of it, a large portion is invested as stocks in my SRS
account.
In view of the unstable environment, I feel more
comfortable to hold 50-55% cash, 8-10% bonds, 33% precious metals in my overall
portfolio.
comfortable to hold 50-55% cash, 8-10% bonds, 33% precious metals in my overall
portfolio.
Dividend income dropped >50% due to the hoarding of cash and
precious metals.
precious metals.
NET ASSET VALUE rises 11% due to income consistently exceed
expenses and also because debts are pared down as I continue to pay down my
mortgage loan without taking any other loan.
expenses and also because debts are pared down as I continue to pay down my
mortgage loan without taking any other loan.
Peek into 2017
My objective in 2017 as follows.
Good health, both spiritually and physically. Definitely strive
to have continuously improved relationships with people around me with more
love, peace and joy.
to have continuously improved relationships with people around me with more
love, peace and joy.
Lead a frugal lifestyle striving to have no lacking in life and
no debt (except for housing).
no debt (except for housing).
Look forward to our newborn!
Be a better person who can be blessings to others.
Continue to build up the wisdom and knowledge in life. And to be at the right place at the right time and to do the right things at the right time also. To learn
about the past so as to see into the future and always be orderly and plan
ahead.
about the past so as to see into the future and always be orderly and plan
ahead.
That said, I will not worry about tomorrow, because tomorrow will worry
about itself. Sufficient for the day is its own trouble.
about itself. Sufficient for the day is its own trouble.
I wish everyone the Best of Health,
Relationships & Wealth in 2017
Relationships & Wealth in 2017
Rolf,
Wishing you and family peace, health, and happiness!
Stand tall.
Hi SMOL,
Thanks for your well wishes. The same wishes mulitply infinite times be blessed on you and your love ones too!
🙂
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Happy blessed new year. Keep the posts going ��
Thanks and Happy New Year too!
Rolf,
congrats for all your achievements!
all the best for 2017!
seems like drilling activity is picking up in the ME area. and we have kinda moved pass the trough cycle.
Hi FC,
Thanks. It is not at all an achievement for me, but perhaps main expectation to start with was not that high.
Good to hear about the drilling sector picking up. In fact ME region was doing reasonably well all this while despite the downturn.
Yes, 2017 indeed looks like the trough!
All the best of year ahead for you.
Happy new year, and congratulations for the upcoming addition to your family!
Hi Kevin,
Thanks and Happy New Year to you too. We are eagerly awaiting the new member.
I wish that grace and peace be with you too and your new career is treating you well.
Congrats Rolf!
And very impressive that u are the last man standing ..U must be an impressive employee.
Opposite to you in portfolio, 75% vested and 25% cash in non SRS.
Wishing you a blessed 2017 and relationships more knitted!
Hi SGD,
Thank you and Happy New Year to you.
Maybe relatively impressive, not impressive. Relationships and luck among top management helps a bit.
I reckon it still makes lots of sense to be vested now especially in income inflow. For me, it is more like an overall consideration of job and family expenses etc.
Do not want the extra emotional burden during this pretty tough times in my work sector.
Sleep better with cash supporting pillow.
May you have a blessed 2017.
Rolf,
I Would like congrats for all your achievements!!!
I am Belongs to Equity Profit (www.equityprofit.com) . basically We are Live Trading Signals Provider
Hi Rolf,
Glad to see you quit smoking and becoming healthy, that's the most important! The rest are all bonuses which is why you are happier than before, congratulations!
Hi Jes,
Thanks and congrats for being a promoted to be a mother. May you be so blessed with the peace and joy in your family.
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