LIVE RICH LIFE FREE: Portfolio Update October 2023

This is a quick update of my investment portfolios on the last day of Oct 2023.

My SGX Income Portfolio value plunges to $301k from $320.8k.

My US/HK Growth Portfolio value inches up to US$16 from US$15k.

My SRS Ultra Long-Term Portfolio value decreases to $136.4k from $142.2k.

The US stock markets have corrected recently amidst increasing certainty of prolonged high interest rates, ongoing wars and lingering fears of global recession. US 10-year and 30-year government yields hit record highs and the Federal Reserve is expected to maintain interest rates steady at the 5.25 to 5.5% range till 2024. As a result, local S-Reits were hammered and impacted my SGX Income Portfolio greatly. Such storylines just keep repeating, causing chaos and fear amongst investors and traders.

Clouded by uncertainties, immense noises and fears, it is crucial that long-term investors like us stay calm, unwavered and focused in our investment objectives. Make the best out of current situation by allocating our financial resources into high yield bonds, stable and high quality income-producing assets, or growth businesses tactfully.

I intend to continue growing my cash in cash funds and risk-free Singapore Savings Bonds while also monitoring and adding high quality S-Reits or local bank stocks to my SGX income portfolio in the next few months.

Portfolio Actions

1. Rollup 1 unit of Alphabet, GOOGL231117 call option with $105 strike price by buying back at US$17 and selling 1 unit of GOOGL240621 call option with $115 strike price at US$18.90.

Portfolio Dividends

1. Received $148.86 of dividends from Savings Bonds on 2 Oct.

2. Received $56.08 of dividends from Capitaland Ascott Reit on 11 Oct.

SGX Income Portfolio