BTM Year 2021 Mid-Year Review
In the blink of an eye… and 6 months has gone by. Most of it spent stuck at home and getting frustrated at how the country is being “managed”, if we could even call it that.
Regardless, it is that time of the year to take a check at how things are going at the financial side of things.
Side note: I have also updated the Financial Position tracker template. Feel free to download it for FREE via my template page here.
Net Worth Tracker
Net worth is measured by taking total assets (e.g. properties, stocks, cash, etc) minus total liabilities (debts e.g. mortgage, car loans, credit cards amount owing, etc).
Over the last 6 months since December 2020, my net worth increased by 24%, 1% short of the previous period’s growth.
Asset analysis
The distribution of net assets are as follows:
Few things to highlight:
- Properties – The value is still negative as of now (market value – mortgage outstanding), but I kept it as 0 for the distribution analysis (pie chart cannot take in negative value) [Folks read this if you are going to invest in property] It’s also worth mentioning that it takes a net RM100k off my net worth.
- EPF – This is removed from the analysis as it represents over 50% of my total net worth and will skew the analysis
- Fixed Deposit – This is 0% because I don’t have any FD now. There are much better alternatives in the market such as HISA, Stashaway Simple, Versa, etc…
High Risk
Total Weightage: 58%
Equities (33%): My favourite asset class and the weightage has increased slightly by 2% from the last review. In time, the shift will be heavier on US equities compared to MY equities. Both have little change in terms of value from the last 6 months but I have recently injected additional capital into US equities. MY equities are mainly supplying me a steady stream of dividend income amounting to RM745.68 this year up to 30 June 2021.
Private Retirement Scheme (PRS – 14%): Weightage remained the same from the last review. This high risk growth fund via Affin Hwang has been performing quite well and maintaining a returns of around 35%.
Mutual Funds – Equities (2%): This dropped from 6% weightage in the last review as I cashed out a long underperforming fund – Public Savings Fund. Imagine fetching 15% after about 15 years, which means I lost money just by paying the fund manager.
Equity Crowdfunding (2%): Same investment. No movements here. Received news that there is a potential buyout soon. If that happens, I’ll be able to cash out with 10% returns.
Stashaway 30% (1%): Dollar cost averaging (DCA) on this with a time weighted returns of around 45% to-date.
MyTheo (1%): A new position that I started in January 2021 and is focused on growth portfolio. DCA with a return of 4% so far.
Gold (2%): Weightage increased by 1% over the last 6 months. Returns sits at about 11%.
Cryptocurrencies (3%): This increased by 2% over the last 6 months. I did cash out my initial RM1k with 60% profits, but at the same time have been performing somewhat DCA into Binance. With the recent 50% drop in crypto across the board, my existing portfolio has lost quite a bit of profits, but it is still more than double of what I have invested. The current weightage is below my maximum 5% allocation.
Low Risk
Total weightage: 11%
Amanah Saham Nasional Berhad – ASNB (6%): Purely investment in the 3 ASM accounts only. So far I’ve only received the dividend distribution for 1 account – ASM – at 4% yield. Weightage fell by 1% as there wasn’t much movements in this account. [Check out my article on ASNB’s fixed price fund investment]
Mutual Funds – Bonds (3%): The bond portfolio has been quite stagnant at breakeven point. Weightage fell by 1% as other asset classes increased in value.
Stashaway 10% (2%): Same as the mutual fund – not going anywhere. It is currently at breakeven. Weightage increased 1% here as I DCA into this fund.
Others
Total weightage: 31%
Vehicles (10%): Refers to the 1 car I own. Interestingly the value of the same make in the used car market is higher than prior to this. Hence, the value increased slightly. At the same time, the car loan decreased as I paid down the amount monthly.
Cash at bank (21%): This increased by 4% in weightage as I stashed more cash into my emergency funds. However, in the next 6 months, I’ll see this depleted substantially as I will be using it for my new property and renovation works.
Asset Class Growth
All in all
The growth in net worth was in line with the income generated for the past 6 months and small increases in value in most of the assets, excluding the value of property owned.
Cryptocurrencies have gotten a pretty good run and it has helped to elevate the net worth albeit only taking such a small % of the total allocation.
The vehicle value is a surprise!
In terms of overall weightage, I am comfortable with the current allocation and will see how it goes by year end before considering any rebalancing.
