Happy New Year!
Brand new month and brand new time!
I’ve been busy all December and now I have to plan my January.
I have so much to do in different worlds.
Neverwinter, World of Warships and Black Desert Online.
12 to 14 hours of time in virtual worlds.
Of course, I shouldn’t forget things I have to do in the real world too.
January looks set to be another busy month.
oh dear
I wish I had 25 hours in a day instead of 24.
Maybe, 26 or 27 hours would be better.
Yes, bad AK!
So many things to do in my retirement and so little time.
Anyway, as I’m getting forgetful in my old age, this blog will quickly outline the things I’m going to do when it comes to money matters.
1. Fill CPF MA in new BHS.
The new BHS is $71,500 in 2024.
That’s up from $68,500 in 2023.
The interest I earn on my CPF MA will flow into my CPF OA as my CPF SA has already hit FRS.
So I will be able to top up $3,000 to my CPF MA this month in January.
I’ll do it sooner rather than later in case I forget later.
2. Blog about my updated CPF balance.
My CPF balance will look very “weak” in 2024.
I posted a blog last year where I reacted with “horror” that my CPF account had been “hacked”!
Most of my CPF OA money is in a 1 year bond with a cut off yield of 3.87% pa, so my remaining CPF OA is much lower.
This bond expires at the end of the month.
So the money comes back.
I have to remember to transfer the money back to my CPF-OA.
3. 6-month promissory notes.
I got both the 6 month interest notes that were offered in the month of December 2023.
The cut-off yields were 3.74% p.a. and 3.73% p.a
Not bad.
The plan is to keep my ladder for my 2024 account.
The returns are still relatively attractive to me.
So I have already submitted a non-competitive bid for the auction to be held on January 4, 2024.
If Mr. Market goes into recession in 2024, it would be time to dismantle the ladder.
4. 2023 full year passive income.
I was so busy in December that I didn’t keep up with things on the investment front.
I will have to spend some time looking at numbers to account for my passive income in 2023.
I expect a weaker 2023 quarter as UOB and OCBC only pay dividends twice a year in May and August.
Year after year, passive income could be weaker as the REITs I own generate less income for me as well.
There will be some income generated from the interest on the portfolio, but that won’t move the needle much, I suspect.
Hmm.
I think that’s it when it comes to money and blogging.
Lots of other things to do, but I won’t clutter this blog post.
Okay, maybe just this one thing.
I shared this screenshot of the port of Velia in the Black Desert online on the YouTube community tab on Boxing Day.
You can see my ship docked on the far right of the picture.
I am working on upgrading it as the tallest and largest ship with the black sails in the center of the image.
The work is in progress and I will be able to get it in a few more days.
It makes me happy to think about it.
I’ll be happier once it’s done!
That’s all for now.
Look out for upcoming blog posts on my CPF savings and passive income update for 2023.
I’ll be back!
If AK can talk to himself, so can you!
