Portfolio Update July 2024

Here is an update of my investment portfolios for July 2024.

My SGX Income Portfolio value increases to $373k from $359k mainly due the rebound of local S-Reits' prices underpinned by higher possibility of interest rate cuts by year end.

My US/HK Growth Portfolio value inches up to US$19k from US$18.6k.

My SRS Ultra Long-Term Portfolio value rises to $173k from $168k.

The US stock markets have challenged new highs before a recent healthy correction, amidst uncertainties over interest rates, ongoing wars and fears of economic recession. US 10-year and 30-year government yields have declined and the Federal Reserve is expected to hold interest rates high with a looming possibility of rate cut soon.

Despite being clouded by uncertainties, immense noises and fears, it is crucial that long-term investors like us always remain calm, unwavered and focused on our investment objectives. Stick to our own plan and continue deploying our financial resources into high quality income-producing instruments such as government-backed risk-free bonds, property assets, or strong growth businesses tactfully according to our own risk appetite.

Portfolio Actions

1. Sold 4,700 shares of ST Engineering at $4.39 in SRS on 10 Jul.

2. Redeemed 0.2 share of Nvidea using Moomoo reward points.

Portfolio Dividends

1. Received $147.50 of dividends from Savings Bonds on 1 Jul in SRS.

2. Received $320.73 of dividends from Savings Bonds on 1 Jul.

3. Received $239.88 of scrip dividends from Far East Orchard as 239 shares on 5 Jul.

SGX Income Portfolio

Portfolio Value = $373k

US/HK Growth Portfolio

Moomoo

US$4.5k

Tiger Broker

US$13.5k

Syfe Trade

US$1k

Portfolio Value = US$19k

SRS Ultra Long-Term Portfolio

Portfolio Value = S$168k

Thanks for reading.

With love and peace, 

Qiongster