I usually try to update this twice a year - one after the Chinese new year and another during their birthday month.

I also try to make this update as consistent as possible every year to discipline myself of the intention I had from the start because I know this could easily be brushed aside once more important things came up and took over. It has obviously less importance at this stage but it could have a big impact to how the funds are going to shape up over the years.

For readers who are new to the blog, my intention is to compound these money for the children received from special events such as the Chinese New Year or birthday and have them invested in companies that I thought will do decent over the long run. These funds will continue to go under my cdp account for now but these will be meant to fund their future education and to give them a head start when they graduate from school (hopefully there are still something left). I also tried my best to pick companies which I thought will yield greater returns in a much longer span and if there are unfortunate circumstances that will make the portfolio lose the money, it will be on me so I'll make it up for it.

As they grow older, I will impart the value of saving and investing slowly so that they can see the fruits of their labor when they are independent on their own.

For my elder son, he receives red packets amounting to $540 during the cny from relatives, parents, grandparents and friends. I topped up $228 a little more for him to make the grand total $768 on his behalf. I then bought 200 shares of Singtel for him at a price of $3.82 on his behalf.

For my newborn son, he receives red packets amounting to $2,230 mainly from parents, grandparents and relatives. I topped up $828 a little more for him to make the grand total $3,058 on his behalf. I then bought 800 shares of Singtel for him at a price of $3.82 on his behalf.

This is the 3rd year I am doing this and is more a reference to me than anything else.

I hope by the time they are independent on their own, they are able to take over this on their own and is money rightfully theirs which I only help them to manage.