January 9, 2012

Financial Review - Year 2011

It's a new year and a good time to look back on the year of 2011 to review my financial standings, i.e. what I have done great and what needs improvement. Here's the review for my financial situation:

The Great Stuffs:

  1. Expenses: Compared to year 2010, expenses further decreased 8.6% despite the ever increasing inflation and larger spending amount during the year end sale 2011. Actually i surprised myself that i still manage to cut down expenses year after year.
  2. Savings: Compared to year 2010, savings increased 20.5% over the year 2011. Again, this is great achievement despite the meagre increment and higher inflation in the year 2011. So far, I've managed to save on average 44% of my net household income.
  3. Net worth: Compared to year 2010, net worth increased 31.2% over the year 2011. This is mainly due to the disposal of an investment property.
  4. Stocks investment: Stocks portfolio has grown 2.5x mainly due to higher allocation to stocks investment. I cut some losses during the market riot in August, and yet still managed to churn out positive gains over the year 2011.

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