Cheapest Electricity Plan - SP Group Wholesale Electricity (2021)

Note: SP Group Wholesale Electricity No Longer The Cheapest Plan

In my previous article, I shared my last 3 months of electricity bills then (Feb, Mar and Apr 2020) to show that the SP Group Wholesale Electricity plan is probably the cheapest electricity plan available in the Open Electricity Market (OEM) as well as the remaining statements for the rest of 2020 here - Cheapest Electricity Plan - SP Group Wholesale Electricity Part 2. This is a continuation of that article by sharing the more recent statements too.

Jan 2021

177.43 kWh - $26.90 which translate to 15.16 cents/kWh

Feb 2021

357.93 kWh - $57.72 which translate to 16.12 cents/kWh

Mar 2021

326.14 kWh - $57.17 which translate to 17.53 cents/kWh (Do take note that this is no longer the cheapest rate at face value. I shall blog about it soon)

Apr 2021

353.93 kWh - $61.49 which translate to 17.37 cents/kWh

May 2021

360.82 kWh - $64.41 which translate to 17.85 cents/kWh

Jun 2021

416.49 kWh - $73.72 which translate to 17.70 cents/kWh

Jul 2021

385.56 kWh - $73.36 which translate to 19.02 cents/kWh

Aug 2021

345.35 kWh - $94.27 which translate to 27.30 cents/kWh (I ran out of credit and didn't make payment for the previous month. Regardless, this rate is crazy high! In fact, it was even higher than the tariffs rate at 24.11 cents/kWh.)

Using the Open Electricity Market Price Comparison site, there are definitely cheaper plans.

Sep 2021

285.56 kWh - $57.47 which translate to 20.13 cents/kWh 

It seems the SP Group Wholesale Electricity is the cheapest again. Guess I will just continue to observe.

Again, the above are just rough estimates as I included other fees such as GST, meter reading, etc. The more accurate way is to remove them and compute but it is already lower even when I included those miscellaneous fees. You can decide for yourself :)

Anyway, if you are interested in this update, simply bookmark this page as I will just update it with the subsequent months' statement.

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)

Syfe - December 2020

After using Syfe for slightly more than 8 months, I really like their REIT+ 100% portfolio. Like I mentioned previously, I am pleased with the way they are handling the corporate actions. They are definitely more transparent as compared to a REIT ETF where you will be able to see all the corporate actions such as mergers, rights issues, etc. in your transactions. The monthly DCA ensure that I will always invest my money by taking my emotion out of the picture. I stopped investing in IWDA and 3067 a few months back because I thought the price was high but now they are much higher. Anyway, I am not too impressed with the Equity100 portfolio (explained below) as well as their inaccurate display issue (please stop using 2 decimal places). Hopefully Syfe will be able to fix the inaccuracy issue in 2021. Fingers crossed :) 

Our Syfe Portfolio
Composition: 100% REITs
Dividend: Reinvest
Monthly Investment: $1,000

Composition: 100% Equities
Dividend: Reinvest
Monthly Investment: $500

Account Statement (Lifetime)

Our current tier is Blue (<$20,000). This is determined by the size of the portfolio (currently $13,129.55) which in turn determines the fees to be charged. The statement lifetime return is $1,929.55 which includes a $1,220 referral bonus. The actual lifetime return would be $709.55. Thanks to our readers for using our code!

Account Statement (November 2020)

The return for the month is $374.30 which includes a $0 referral bonus. 

As of 22 January 2021, this is our portfolio performance:

Capital: $8,500.00
Current: $10,123.51 (24.71% - return is skewed due to referrals)

Capital: $3,200.00
Current: $3,884.63 (44.70% - return is skewed due to referrals)

Transaction Breakdown

There are too many so I will just share a snippet. Anyway, if you want to extract the transaction information from Syfe, do take a look at this article - Syfe Transactions Parser. Anyway, the parser will not work for the Equity100 and Global ARI portfolio when there are small transactions (<0.01). You can refer to this for more information - Syfe - July 2020. The parser will work if Syfe is willing to change its UI and display more decimal places...

REIT+ 100%

Equity100

After parsing them into a csv file, I pivoted the data to get the following view.

Management Fee

The management fee can be obtained by $11,826.70 x 0.65% / 366 * 31 ~ $6.47.

StocksCafe
In my opinion, the return captured by StocksCafe will be a more accurate representation of our portfolio return as the referral bonuses are treated as capital. Having said that, I can also understand why Syfe treats them as a return instead of a deposit too. Just a different perspective. 

REIT+ 100%

Anyway, looking at the time-weighted return (17.24%) for 2020, we can see that Syfe REIT+ 100% is outperforming STI ETF (including fees) but underperforming when compared against SPY or IWDA. In addition, if we were to look at the projected dividends till the end of the year based on the existing investment, we can expect $334.23 of dividends or $27.85 per month. Since the dividends >> fees, this is a pretty sustainable portfolio assuming if there's no capital loss.

Equity100

Interestingly, this is one of the rare times one would see STI outperforming all the other benchmarks. Unfortunately, the time-weighted return is just (8.34%) for 2020 losing to all the indexes. In addition, if we were to look at the volatility and max drawdown, the Equity100 is riskier but not performing better than STI. A huge contrast when we compare it against StashAway's portfolio which diversifies across different assets. Having said that, we have only invested in Equity100 for a very short period of time (since Aug 2020). I will continue to monitor and decide if we should continue with this.

New Syfe customers will have their first $30,000 managed free for 6 months when they use our new referral code (KPOCZM). We will be receiving a $10 cash incentive for our portfolio if you invest $500 or more.

If you are interested in the smart portfolio tracker (StocksCafe) which I am using as shown above, sign up using my link for a longer trial period :) Refer to our Referrals page for more information.

You might be interested in previous months update too:
- Syfe REIT+ (100%) Review
- Syfe - May 2020 - $1,135.43
- Syfe - June 2020 - $2,558.58
- Syfe - July 2020 - $3,872.68
- Syfe - August 2020 - $6,260.30
- Syfe - September 2020 - $8,019.86

- Syfe - October 2020 - $9,029.29

- Syfe - November 2020 - $11,255.26

- Syfe - December 2020 - $13,129.55

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)

StashAway - December 2020

The performance of StashAway's portfolios have been very impressive with double digits time-weighted return and XIRR (refer to below). If you compare it to one year ago (StashAway - January 2020) where all our portfolios were losing money, it has rebounded very strongly to what it is now. Based on my own experience, it seems that their portfolio have provided better returns when compared to the other robos we are using too. Having said that, we have not used Endowus (~1 year) and Syfe (<1 year) as long as StashAway (~3 years) so it might not be very accurate.

What's really stopping me from putting in more money is the estate tax issue which I have also blogged about previously. Interestingly, this area is so grey that there are 3 kinds of answers:

- Yes, you will be subjected to estate tax (article from EndowUs)

- No, you should be fine (FAQ from StashAway)

- Hey, nobody is paying and IRS doesn't know (article from CNBC)

Anyway, I have reached out to them to ask about the possibility of transferring portfolio/shares to another individual. I have 2 scenarios in mind:

1. If I die, transfer the portfolio to CZM and let her decide if she wants to continue/cash out

2. Invest for Baby Ong till she reaches 18 and transfers the portfolio to her then.

If the possibility of transferring is there, we might invest more money through StashAway. Shall keep you guys updated. 

Investment for this month:
KPO and CZM Cash - StashAway Risk Index 22% - $1,000
KPO SRS - StashAway Risk Index 36% - $740
CZM SRS - StashAway Risk Index 14% - $250

1. PORTFOLIO SUMMARY (as of the last day of the month)

KPO

CZM

Based on the statement (31 December 2020), our total investment is ‭$56,721.26! KPO gains $1,200.32 and CZM gains $79.32 for the month.

As of 21 January 2021, these are our portfolio performance:

KPO and CZM Cash - StashAway Risk Index 22%: $‭39,498.15 (41.85% - Capital: $31,000)

KPO SRS - StashAway Risk Index 36%: $14,023.54 (47.76% - Capital: $11,150)

CZM SRS - StashAway Risk Index 14%: $6,144.01 (27.73% - Capital: $5,500)

2. PORTFOLIO DETAILS 
Note that these are reported in USD.

KPO and CZM Cash - StashAway Risk Index 22%

KPO SRS - StashAway Risk Index 36%

CZM SRS - StashAway Risk Index 14%

3. FEE CALCULATIONS

The fee stated is based on the monthly-average assets SGD ($25,000.00 x 0.8% + $23,898.64 x 0.7%) / 366 days * 31 days = $31.11.

The fee stated is based on the monthly-average assets SGD $5,786.56 x 0.8% / 366 days * 31 days = $3.92. 

StocksCafe

Evan (founder of StocksCafe) made an improvement where one can now benchmark their portfolio against multiple indexes/ETFs. Looking at the time-weighted return (13.23%) for the year 2020, we can see that StashAway Risk Index 22% is outperforming STI ETF (including fees) and lost to both SPY and IWDA slightly.

If we compare across the years, StashAway's portfolio is winning by a huge margin (42.97%) except losing to SPY (55.04%) and IWDA (46.20%). In addition, it has the lowest volatility and max drawdown. This is what StashAway meant by reducing risk and maximizing the return. 

The annualized return/XIRR of the portfolio is very impressive too at 14.68%. Using the Rule of 72, it means that the StashAway portfolio will double our money in 72 / 14.68 ~ 4.9 years. In comparison, the same money if left in the bank account at 2% interest rate will take 72 / 2 ~ 36 years to double.

Since there was a reader that asked about StashAway Risk Index 36% performance against other benchmarks, I shall add it here too.

The portfolio currently has a higher time-weighted return (49.02%) when compared against all the indexes (STI, SPY and IWDA) but it is also clear that it is more risky in the sense that both its volatility/max drawdown are much higher when you compare against the benchmark and StashAway Risk Index 22% portfolio. The XIRR is 33.82% but it looks pretty skewed by 2021. Using the same rule, our money will doubled in 72 / 33.82 ~ 2.12 years.

Which is the best? Only time will tell :)

Anyway, if you are interested in signing up for StashAway, do use our referral link - KPO and CZM Referral Link. You will get $10,000 free management fees for 6 months and we will get $16!

If you want to extract those transactions information from StashAway, do take a look at this article - StashAway Transactions Parser.

If you are interested in the smart portfolio tracker (StocksCafe) which I am using as shown above, sign up using my link for a longer trial period :) Refer to our Referrals page for more information.

You might be interested in previous months update too:

- StashAway Withholding Tax Reimbursement FY 2019
- StashAway - January 2020 - $31,742.42
- StashAway - February 2020 - $31,499.69‬
- StashAway - March 2020 - $30,934.95‬
- StashAway - April 2020 - ‭$34,830.73‬
- StashAway - May 2020 - $37,298.09‬
- StashAway - June 2020 - $39,931.79
- StashAway - July 2020 - $44,125.18
- StashAway - August 2020 - $46,900.18
- StashAway - September 2020 - $47,850.22

- StashAway - October 2020 - $49,892.40

- StashAway - November 2020 - $53,451.62

- StashAway - December 2020 - $56,721.26

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)

Endowus - December 2020

My statement for this month is slightly different as I have invested long enough (1 year) for them to compute the Annualised Internal Rate of Return also known as the money-weighted rate of return (MWRR) which is 19.85% (very decent!). What I am looking forward to is the time-weighted return (still not shown yet) so I can compare it against other robos/portfolios.

Risk Profile

Goal type: General wealth accumulation
Risk tolerance: Maximise returns (loss tolerance -60%)

Monthly investment using SRS: $740

I have modified my monthly investment in order to max out my SRS contribution for the year.

Account Summary

Capital: $11,150.00
Current: $12,466.20 (11.83%)

There are quite a few differences as compared to StashAway. Firstly, all the cash has been invested while StashAway keeps 1% of the portfolio in cash. Secondly, the fees are not deducted on a monthly basis. The Access Fee charged by Endowus will be deducted at the end of each quarter as stated in their FAQ.

As of 22 Decemeber 2020, the portfolio value is $12,935.43 (+16.06%).

Asset Allocation

This shows that the number of shares for each fund that I owned:
- Dimensional Global Core Equity Fund (176.9980)
- Infinity US 500 Stock Index Fund (2,081.9000)
- Dimensional Emerging Markets Large Cap Core Equity Fund (70.6880)
- Dimensional Pacific Basin Small Companies Fund (64.7830)

It will be great if they actually showed my average price vs the current market price.

Transactions

That's all! Overall, I think the statement is pretty straightforward and easy to read. On a side note, StocksCafe does not has the ability to track funds, hence unable to do any form of comparison/benchmark.

Speaking of which, Endowus has finally launched a mobile app:

Apple: https://apps.apple.com/us/app/endowus-invest-cpf-srs-cash/id1531067679

Android: https://play.google.com/store/apps/details?id=com.endowus.mobileapp

If you are interested in Endowus, do use our referral link for our readers! You will get S$10,000 managed free for 6 months ($20 equivalent) and we will get $20 too!

You might be interested in previous months update too:

- Endowus CPF/SRS Review
- Endowus - January 2020 - $3,692.02
- Endowus - February 2020 - $3,704.57
- Endowus - March 2020 - $4,153.50
- Endowus - April 2020 - $4,849.67
- Endowus - May 2020 - $5,797.36
- Endowus - June 2020 - $6,471.66
- Endowus - July 2020 - $7,455.96

- Endowus - August 2020 - $8,588.83

- Endowus - September 2020 - $9,124.13

- Endowus - October 2020 - $9,665.59

- Endowus - November 2020 - $11,324.92

- Endowus - December 2020 - $12,466.20 

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)

Portfolio - December 2020

I will be honest, it's much harder to find time to manage our finances/investment or as a matter of fact, do anything with a newborn nowadays. Even if there's some time when the baby is sleeping, there's simply not much energy left and we would always choose sleep over other matters. lol. That's why this month's update took so long.

Anyway, our portfolio reached a new high as 2020 comes to an end! It increased by 4.69% to $669,630 - $8,125.34 of capital injection and $21,898.20 of capital gain. This includes $56,034 of leverage/debt (gearing ~9.13%).

If you prefer to look at numbers, this is the raw data used to generate the above bar graph. These numbers are as of the last day of the month.

"Cash Flow" is the amount of money being injected/withdrawn from the portfolio (buying stocks = +ve cash flow while selling stocks and collecting dividends = -ve cash flow)

SOLD
- None

BOUGHT
- CapitaLand Retail China Trust (4,000 units) @ $1.17

- Mapletree NAC Trust (335 units) @ $0.8574

We did not buy anything for a couple of reasons. The main one is we need to save up for CZM and Baby Ong hospitalization/delivery fees this month. The stocks didn't look as attractive after the market went up so much. We did not buy IWDA and iShares Hang Seng Tech ETF (3067) because it is at an all-time high. Yes, I am timing the market but I just couldn't help it. Unfortunately, they just keep going higher @_@"

We got CapitaLand Retail China Trust from its rights issue + oversubscribing and as for Mapletree NAC Trust, we took shares instead of cash for its latest dividend.

I have also decided to increase my SRS contribution to $1,480 per month with the intention of maxing it by year-end.

Our Monthly DCA for December - $4,230
$1,000 Cash - StashAway Risk Index 22%

$740  KPO's SRS - StashAway Risk Index 36%

$250 CZM's SRS - StashAway Risk Index 14%

$740 KPO's SRS - Endowus Loss Tolerance -60%
$1,000 Cash - Syfe REIT+ (100% REIT)
$500 Cash - Syfe Equity100 (100% Equities)

Dividends
The total dividends collected this month is $2,103.04. The breakdown is as follows:

Company                                                     PayDate          Shares         Total

ESR-REIT                                             30-Dec-20     306.104 $2.44

DBS Group Holdings Ltd.                     29-Dec-20     900         $162.00

Frasers Hospitality Trust                     29-Dec-20     4,000         $42.78

Mapletree North Asia Commercial Trust   28-Dec-20     10269.686 $295.35

First Real Estate Investment Trust             23-Dec-20     11,009         $111.19

AIMS APAC REIT                                     18-Dec-20     1,600         $32.00

Frasers Logistics & Commercial Trust     17-Dec-20     21,610         $732.57

Ascendas Real Estate Investment Trust     11-Dec-20     218.374 $12.53

Parkway Life REIT                                     8-Dec-20     2021.837 $71.57

CapitaLand Retail China Trust             4-Dec-20     17102.038 $470.30

NetLink NBN Trust                             4-Dec-20     6,000         $151.80

Mapletree Logistics Trust                     4-Dec-20     310.534 $8.31

Frasers Centrepoint Trust                     4-Dec-20     73.04         $3.28

Mapletree Industrial Trust                     1-Dec-20     225.698 $6.92

Total dividends collected for 2020: $21,425.57
Average dividends per month for 2020: $1,785.46

StashAway

KPO

CZM

Capital: $47,150‬.00
Current: $‭‭‭‭56,721.66

If you are interested in StashAway, do use our referral link. You get $10,000 free management fees for 6 months and we will get $16!

If you want to extract those transactions information from StashAway, do take a look at this article - StashAway Transactions Parser.

Endowus

Capital: $11,150.00
Current: $12,436.98

If you are interested in Endowus, do use our referral link for our readers! You will get S$10,000 managed free for 6 months ($20 equivalent) and we will get $20 too!

Syfe

REIT+ 100%

Equity100

Capital: $11,200.00
Current: $‭‭‭13,141.55

New Syfe customers will have their first $30,000 managed free for 6 months when they use our new referral code (KPOCZM). We will be receiving a $10 cash incentive for our portfolio if you invest $500 or more.

If you want to extract those transactions information from Syfe, do take a look at this article - Syfe Transactions Parser.

You might be interested in these blog posts too:
- Portfolio Performance in 2019
- 2019 Net Worth
- Portfolio - December 2019 - $463,297
- Portfolio - January 2020 - $455,071
- Portfolio - February 2020 - $442,216
- Portfolio - March 2020 - $415,071
- Portfolio - April 2020 - $459,037
- Portfolio - May 2020 - $470,665
- Portfolio - June 2020 - $502,313

- Portfolio - July 2020 - $487,135
- Portfolio - August 2020 - $525,857
- Portfolio - September 2020 - $566,705

- Portfolio - October 2020 - $567,374 
- Portfolio - November 2020 - $639,606

- Portfolio - December 2020 - $669,630

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)

Our CPF 2020

CPF plays a crucial role towards retirement planning and should be managed accordingly. Our plan is to first max out MA (which will then overflow to SA/OA), then follow by SA (meeting the FRS) and let compounding take over to ensure that we will always be able to meet the new minimum sum in the respective accounts. Our CPF update will be done annually together with the interests that are being paid out. 

KPO's CPF

Age 30, Total CPF ~$150k

I was transferring OA to SA for higher interest once I started working and blogged about it here - CPF Milestone ($40k in Special Account) and The Power of Compound Interest. I stopped transferring and began to build up OA to prepare for our BTO HDB downpayment in 2018. There was a change in policy (HDB 想通了/achieved enlightenment. lol) and we can now keep up to $20,000 in OA. You can read about why we do not wish to wipe our OA here - Chiong Housing Loan or Take It Slow?

In 2019, we paid the remaining downpayment for our BTO, hence you can see a drop in OA. The plan now is to keep at least $20k in OA as a buffer in the event if we lose our job/income, we can still continue to pay off the housing loan for the next 2-3 years without any worry.

Last year, we also chose to refinance our HDB housing loan to a bank loan for a saving of ~$200 per month. You can read more about it here - My Experience with Mortgage Brokers - Redbrick and iCompareLoan. I also did CPF RSTU (7k to CPF SA) and Voluntary Contribution (VC) to CPF MA for tax optimization.

Interest received:
OA - $702.78
SA - $3,346.83
MA - $1,239.29

Total: $5,288.90

CZM's CPF

Age 30, Total CPF ~$170k

Interest received:
OA - $738.76
SA - $4,152.99
MA - $1,515.94

Total: $6,407.69

Together, the interest received are $11,696.59 :)

I have a spreadsheet that attempts to forecast CPF minimum sum and tracks how close/far are we to meeting/hitting the minimum sum. This is computed by adding OA and SA together (which forms RA when we hit 55). As of 2020, I have only met 63.27% based on the current minimum sum of $181,000 while CZM is at 72.47%. More than half the journey done to meeting FRS!

Something I like to do, assuming that CZM stopped working now and there will be $0 contribution to her CPF, will she be able to hit the minimum retirement sum? Using a finance calculator and her current SA of $95,347.55, the future value when we are 55 is $244,404.77. Pretty close to the lower bound of the estimation ($231,000 which is compounding the minimum sum at 1%). Guess CZM got to continue to work for a few more years. Hahahaha.

You might be interested in these blog posts too:
- 2017 Net Worth

- 2018 Net Worth

- 2019 Net Worth

- Our CPF 2018

- Our CPF 2019

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)