My IG account is getting bigger.
But I only have around S$5k invested in the account.
Current profits is around $12k.
Total portfolio value is around $60k.
I was thinking more about the interest that I pay daily.
I pay around US$5 daily.
To be conservative, I use interest rate of 1.4.
So in SGD, it will be S$7 daily.
Interest rate for a year will be S$2.6k.
That is quite substantial if I deduct it from my annual salary from job.
The account has some Singapore shares, which is DBS and Fraser's Centre Point.
Their current Portfolio value is around S$35k.
Lets say they pay 5% dividends, I will receive S$1.8k.
In other words, the interest that I need to come out from my own pocket will be 2.6k-1.8k = S$800.
Which is still not too bad.
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