SSB missions update! Redemptions! SSB I forgot I had!

I don't usually look at my CDP statement these days because I really dislike looking at it online. 

So uncomfortable.

I miss the paper statements so much.

Yes, I know the argument for going green but I am not sure that going from chopping down trees to guzzling energy in data centers is a good trade or not?

After all, we can replant trees but unless we are using renewable energy, data centers are big polluters, if we think about it.

1. SSBs

Anyway, I had to check my CDP statement just to be sure that my paper records are accurate for Singapore Savings Bonds.

As it turns out, there was a Singapore Savings Bond which I thought of buying but wasn't sure if I could.

I blogged about it but it wasn't very clear.

See:
SSB 3.06% p.a. 10 years average yield.

Well, I could not find any trace of this in my CDP statement.

Blessing in disguise, maybe.

After all, this month's offer is for 3.4% p.a. 10 years average yield.

2. SSB redemption.

I am redeeming SBMAY23 which I did buy.

That offered a 3.07% p.a. 10 years average yield.

That was bought to partially replace CPF voluntary contributions in 2024.

See:
Saving for income 3.07% p.a.

Will use the funds to apply for SSB this month.

But the funds will only come back to me next month!

How like that?

I will have to use money in my war chest first and the returning funds will go back to my war chest next month.

Like I said in the previous blog post, AK can juggle money.

3. Forgotten SSB!

While going down the list of investments in my CDP statement online, I found an SSB that I forgot I had!

This was bought in 2018!

OMG!

10 year average yield of less than 3% p.a.

Alamak!

OK, I am redeeming that too.

The funds will go to my war chest next month.

More money for T-bills, maybe.

4. SSB mission for 2023.

Anyway, this is a blog post to remind myself of what I have done and what I am doing in the SSB space.

Mission accomplished in replacing VC to CPF with SSBs in 2023.

See:
SSB mission accomplished.

5. SSB mission for 2024.

For VC to CPF in 2024, I am (re)applying for SSB this month with funds from the redemption of SBMAY23.

Together with another SSB purchased in March, this will (re)complete the mission for 2024.

See:
SSB March 2023 3.15% p.a.

I thought of redeeming the SSB bought in March too but I have a feeling that the SSB this month is going to be oversubscribed as well.

So, I could end up being only partially allocated if I applied for a larger amount.

Anyway, my war chest doesn't like being depleted even if only temporary.

With yields at the long end of the curve rising, like I said in an earlier blog, there is no hurry to lock in higher yields.

Famous last words? Maybe.

6. SSB mission for 2025.

If I get what I apply for this month, it would be $15K of SSBs in total for the year 2025.

Since this is a mission for 2025, I have plenty of time to complete it.

Crossing fingers that 10 year average yields for SSBs will remain relatively high.

See:

SSB 3.16% p.a.

SSB 3.32% p.a.

SSB 3.4% p.a. (and 6 months T-bill ladder.)

If AK can buy SSBs, so can you!

SSB 3.4% p.a. and 6 months T-bill ladder.

At the beginning of October, I had this to say:

"Although I am sticking to my strategy of growing the investment grade bond component of my investment portfolio, there might no longer be a hurry to lock in higher yields for the longer term now."

I said that because we could see yields staying higher for longer.

So, I have been nibbling at Singapore Savings Bonds in the past 2 months.

This month's offer by MAS is 3.4% p.a. in 10 year average yield which is a tad higher than 3.32% p.a. we saw last month.

I will be nibbling again.

How much is that exactly?

Only $5K.

That qualifies as a nibble for me.

Q4 and Q1 are going to be leaner for me in terms of passive income I receive from my investments.

So, I will have to be more careful with money.

As for T-bills, I will continue to maintain the ladder from the next auction.

I won't be strengthening the ladder for a while as I set aside some funds for the purchase of SSBs.

Someone actually suggested that I rejoin the workforce so that I wouldn't have to do such juggling act when it comes to money.

OMG!

PTSD!

If AK can juggle money, so can you!

References:

1. SSB 3.32% p.a. Higher for longer.

2. Increasing bond exposure.