This would be a short update to the last edition of the Child Portfolio updated back in March and to journal the entry for accountability purpose.
The Child Portfolio was entitled to $300 dividend payout received today for holding 3,000 shares of ST Engineering. Together with the angbao we received from the grandparents for his birthday last month (link here on how we spent his fun birthday), I have decided to use these money received to accumulate more STI ETF (ES3) at $2.78 for 200 shares. I still think this is a pretty good entry point and an obvious winner for the long term.
For those who are new to the blog, the intention of doing this is to compound these money received from special events such as Chinese New Year or Birthday from the day he was born until the day he turned independent enough to manage his own money. The updates and accumulation will be infrequent but they will add up over the years and snowballed hopefully into something big when he grows up. By doing this, I also want to ensure that I don't procrastinate with the money by combining them with my own. The other thing I can do is to set up a bank account for him and have these money deposited but I'll doubt it earns great interests right now.
No. of Shares
Market Price (SGD)
Total Value (SGD) based on market price
Slow and steady wins the race...
Procrastination loses you the race...