~~Towards Barista FIRE~~

Over the years, my Singapore dividend portfolio has slowly evolved into something more structured and intentional.  It is no longer just a random collection of high-yield stocks bought simply because they looked cheap or offered attractive dividends.  Instead, my portfolio today resembles a Qing Dynasty imperial harem ( 后宫 ) hierarchy.  Yes, this link is made because I am an absolute fan of the drama 后宫甄嬛传, even till today. This may sound ridiculous, but surprisingly, this framework actually helps me think clearly about: Conviction levels and portfolio weight Portfolio importance and risk management Dividend reliability and cash flow sustainability Capital allocation priorities (who gets my fresh cash) Promotion and demotion of holdings over time Not every stock deserves to become the Empress ( 皇后 ).  Not every stock deserves permanent favor. Some generate stable heirs (dividends), some stabilize the empire during difficult macro times, some are ...

This post is just for personal reference, to record my personal income and expenses in my journey towards Barista FIRE. For the month of May, nothing special happened.  It was just a normal month, with normal expenses.  I am glad I made time to return to Johor, to treat my mum and aunts to a simple Mother's Day lunch at My KOL cafe, which is quite famous for their curry.  Indeed, it was a great meal, and I personally loved every bit of the curry.  My mum and aunts also gave favorable feedback for this meal.   My KOL Cafe Curry Chicken Kway Teow Back to reality, expenses this month has been normal, with some surplus where I will need to save up for year end insurance payments.  There one additional cost of SGD 200.00 this month, due to the administrative fees for my mortgage repricing.  Starting next month, I get to save about SGD 200.00 per month for my mortgage instalments, so this is definitely good news.  How to spend this SGD 200.00 is still u...

This will be a relatively short post, just to update on the transactions for the month. For the month of May, it was a relatively good month despite the news and volatility.  The old adage of “Sell in May and Go Away” seemed to be missing this year, especially when the US and Singapore markets have rebounded strongly back towards the high even when the US-Israel-Iran tensions have not technically ended.  US Treasury yields are hitting new highs, with the 10-year yields crossing above 4.5%, oil prices are still persistently high, and even the Singapore 1-month SORA is climbing up.  However the good earning results from major companies are supporting the financial markets (and under-performers are punished, like ComfortDelgro). Even with widespread retrenchment news, both globally and in Singapore, the stock markets are still inching up.  How long will this last before correction sets in, or recession hits, is anyone's guess. Personally, the return of inflation is w...

Recently I was watching this video by The Fifth Person , where Victor talked about how modern crises nowadays seem shorter compared to the past, and it got me thinking about how different market crashes feel today compared to something like the 2008 Global Financial Crisis.  The more I thought about it, the more I realized he actually has a point.  Modern market crashes really do feel different now.  They feel sharper, more emotional, more intense, but at the same time, recoveries also seem to happen much faster compared to the past. Back during the 2008 GFC, the suffering dragged on for years.  According to Google, it took 5 years and 5 months for the S&P 500 to return to pre-crisis levels.  It was not just a temporary panic.  It felt like the entire global financial system itself was slowly collapsing from the inside.  Lehman Brothers collapsed, banks failed, housing prices kept falling, unemployment kept rising.  People genuinely feared th...