Wealth Overview
Liquid Assets
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Investments + equities
Liabilities
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Citi + IRAS + accruing tax
Liquid Net Worth
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Assets minus liabilities
Illiquid Assets
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GPF + CPF · locked
Investments
Syfe Brokerage · CSPX 7% target
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iShares S&P 500 · LSE · Ireland-domiciled · no US estate tax
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Core wealth engine · all major lump sums funnel here
Google · Morgan Stanley —
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Sell-down—
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GPF · AutoWealth Illiquid
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Risk Level 4 · 79% equity · 43.9% since Jul 2023
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Syfe Cash+ — Ring-fenced Reserves
School Fees 2026 Cash+ only · never CSPX
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Target S$45,000—
Pay Aug 2026 via CardUp REC235 · ~67K miles
Tax Reserve 2027
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Target S$20,000—
Funded ✓ · IRAS YA2027 bill ~Mar 2027
Vacation Fund
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Japan Jul 18–25 · top up from Q3 proceeds
Savings & Tax-Advantaged
DBS Multiplier 3.5% p.a.
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Target S$132,000—
Emergency fund · +S$2,000/mo · hits target ~mid-2031
DBS SRS 6% target
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2026 target S$15,300—
Core Equity 100 · Syfe · saves S$3,366 tax · front-load Mar 2027
CPF (OA+SA+MA) Illiquid
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SA top-up S$8,000/yr—
EE S$400 + ER S$320/mo · SA top-up by Dec 31
Liabilities
Citi QuickCash
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S$1,958/mo · ends Jan 2029 · freed on completion
IRAS GIRO (YA2026)
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CardUp 225VTAXR from Aug · 9 payments · ends ~Apr 2027
Accruing Tax YA2027
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~S$8,800/mo accruing · SRS reduces this · bill Mar 2027
Monthly Cash Flow
Income
Fixed Outflows (normal month)
July is a heavy month — double rent + Japan + Prudential ~S$20K+ Vantage bill. August normalises.
Net Worth History
Next Steps
IMMEDIATE
Jul 18–25 — Japan trip · Shiba Park → Tokyu Stay Shibuya 🇯🇵
Jul 27 — Q3 window opens · sell ~264 shares → S$45K Cash+ · rest → CSPX
Jul 27 — Review buffer · decide Multiplier increase to S$3,000/mo
Aug — Son #2 school fees CardUp REC235 · top up SRS · top up vacation fund
ONGOING
Indonesia · Bali — engage agent · list within 12 months · NPWP ✓ → ~S$290K → CSPX
Indonesia · Jakarta — family conversation first · then list · ~S$290K → CSPX
Dec 31 — SRS S$15,300 top up · CPF SA S$8,000 at my.cpf.gov.sg
Mar 2027 — Front-load SRS S$15,300 + CPF SA S$8,000 from bonus · RSU refresh ★
Sep 2026 — Negotiate lease renewal with Suryadi · target S$5,200–5,500
Recent Transactions
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