Q3 2025 Report Card

88x sold transactions as of September 30th, 2025.

Not too bad, I might have chance to beat last year result. :)

Q2 2025 Report Card

Q1 2025 Report Card

Endowment, ILP & Whole Life plan updates

It's time to update my endowment plan, investment-linked plan (ILP) and whole life plan.

1. Endowment Plan - HSBC Target Saver

That's a 21-years saving plan and I had completed my last payment in July 2025. The plan will be lapsed in July 2026, and I will receive one lump sum payout of S$67,134.

Total premium paid S$52,161.48. 
Surrender Value: S$67,134. 
IRR: 2.24% only.

2. Investment-Linked Plan (ILP) - 100% AIA Acorns of Asia

The performance of the ILP sorely depends on the fund that you have chosen. Since AIA Acorns of Asia had gone up significantly, reaching my desired level of S$4 level, I decided to surrender the plan. I sold the plan just last week (Sep 25th, 2025) and I shall receive a payout S$67,564.01.

Total premium paid S$52,425.6.
Surrender Value: S$67,564.01. 
IRR: 2.20% only.

3. Whole Life Plan - Tokio Marine 

I have completed my last payment in February 2025. So, this life insurance will cover me for LIFE.

If and ONLY IF I want to surrender this plan at age 66 (for an example), I will get back S$163,341.

Total premium paid S$64,860.
Surrender Value: S$163,341.
IRR: 3.02%.

Whole Life Insurance plan is not meant for surrendering while you are alive, that's not the intention of the Whole Life Insurance. 

You shall leave the greatest legacy to your next generation.

3 more years to hit CPF S$1 million

On target to hit CPF S$1 million at the age of 48. :)

This is achievable by doing Voluntary Housing Refund (VHR).

It is fine to perform VHR because the T-bill rate and FD interest rate had crashed to 1.40+%.

As of today, the VHR ceiling: S$75,251+S$40,625 = S$115,876.

Key Milestones shall be:

(1) Jan 1st, 2026: S$700,000. Estimate to VHR S$28,590.

(2) Jan 1st, 2027: S$800,000. Estimate to VHR S$24,590.

(3) Jan 1st, 2028: S$900,000. Estimate to VHR S$20,590.

(4) Jan 1st, 2029: S$1,000,000

Updated on October 9th, 2025

==========================

I decided to perform VHR now rather than later. :)

Q2 2025 Report Card

I am satisfied with Q2 results, thanks to Donald Trump's tariff war.

Target to have the same quantum gain as year 2024! 

Q1 2025 Report Card

8 days Shanghai trip (June 2025)

The finance report is out. :)

We do not have chance to use cash. All expenses in China were paid by Alipay or WeChat Pay. 

China is truly a cashless country!

It is interesting to find out among S$2,324 spent in China:

- 45% for 2 times massage & haircut

- 25% for meals (15% dinner, 7% lunch & 3% breakfast)

- 12% for coffee & dessert

- 12% for shopping 

- 6% for transportation (metro and cab).

It's nice to travel in China. We are going to Bejing next year!

More photos to be uploaded ... ....