BTM Year 2022 Mid-Year Review
It’s mid-year! Time to take stock of how things are going financially. We know stocks and crypto has taken a big hit this year so far. So let’s look at the numbers.
Side note: The Financial Position template used to produce this post is free to download 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 2021, my net worth increased by 13%, helped by the bonus and increment.
Asset analysis
The distribution of net assets are as follows:
Few things to highlight:
- Properties – The value is still (very) 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]
- EPF – This is removed from the analysis as it represents over 50% of my total net worth and will skew the analysis
High Risk
Total Weightage: 66%
Equities (41%): It’s only a measly 1% increase in weightage due to the recent drop in equities globally. Will continue adding on in this category to take advantage of the low prices.
Private Retirement Scheme (PRS – 14%): Weightage fell 1% due to the fall in fund value and my monthly RM250 DCA isn’t adding much weight to the growth of this.
Mutual Funds – Equities (2%): The fund value for equities dropped, but didn’t affect the weightage much.
Equity Crowdfunding (0%): Cashed out with 9% returns over in 1.5 years.
Stashaway 30% (3%): Generally the value is depressed compared to 6 months ago, but the DCA enabled it to increase in weightage by 1%
MyTheo (1%): Recently the value fell quite sharply so the weightage remained the same despite constant DCA.
Cryptocurrencies (4%): The weightage fell by 3% mainly caused by the crash in crypto prices since 6 months ago. 50% wiped off just like that.
Low Risk
Total weightage: 13%
Amanah Saham Nasional Berhad – ASNB (7%): Weightage increased by 1% albeit no movements other than dividends received for ASM1. This is due the the rest of the assets falling in value whilst ASNB is capital protected. Does wonders in a falling market. [Check out my article on ASNB’s fixed price fund investment]
Mutual Funds – Bonds (4%): The bond portfolio also suffered in terms of its value falling. But because it did not fall as fast as equities, its weightage increased by 1% instead.
Stashaway 10% (3%): Same as the mutual fund – Bonds, except this is with DCA.
Others
Total weightage: 21%
Vehicles (14%): I’m done paying off my car loan! So the value of the car is clean value if I trade in.
Cash at bank (7%): My cash holding increased weightage by 2%. I am keeping extra cash as I’m going through my house renovation.
Asset Class Growth
All in all
The growth in net worth was due to the income generation in the last 6 months and have been struggling to keep up with the falling prices of investments.
On top of that, the cash burn from renovation takes quite a severe hit on the net worth.
When market recovers, I’m expecting my net worth to increase significantly from the invested capital.
