Portfolio Update August 2024

As we close out August 2024, it is time to take a snapshot of my investment portfolios. 

Despite the ongoing geopolitical tensions and economic uncertainties in the world, my overall portfolio value and net worth have continued to grow, reflecting the resilience of my long-term investment strategy.

My SGX Income Portfolio value has seen a steady increase to $384k from $373k driven by the recovery of local S-Reits benefiting from the imminent interest rate cuts from Sep 2024.

My US/HK Growth Portfolio has experienced a modest downtick, dropping to US$17.8k from US$19k as I have been exploring option strategies.

My SRS Ultra Long-Term Portfolio value has also seen a positive performance, rising to $182k from $173k.

Market Outlook 

The US stock market has reached new highs recently, but a healthy correction is now underway. This volatility is largely attributable to uncertainties surrounding interest rates, ongoing geopolitical conflicts, and concerns about a potential economic recession. Despite these challenges, I believe that long-term investors should remain calm and focused on their investment objectives.

Investment Strategy 

My investment strategy remains unchanged. I continue to prioritize high-quality income-producing instruments, such as government-backed risk-free bonds, property related assets, and strong growth businesses. By carefully diversifying my portfolio and remaining disciplined, I aim to weather any market storms and achieve my long-term financial goals.

Portfolio Actions

1. Bought 300 shares of DBS at $32.88 in SRS on 5 Aug.

Portfolio Dividends

1. Received $128.70 of dividends from Savings Bonds on 1 Aug.

2. Received $2200 of dividends from OCBC on 23 Aug

3. Received $880 of dividends from UOB on 23 Aug.

4. Received $540.54 of dividends from DBS on 26 Aug.

5. Received $162 of dividends from DBS in SRS on 26 Aug.

6. Received $303.97 of dividends from IREIT on 28 Aug.

7. Received $254.70 of dividends from Ascott Reit on 29 Aug.

8. Received $76.55 of dividends from Suntec Reit on 29 Aug.

9. Received $176 of dividends from Comfortdelgro in SRS on 29 Aug.

10. Received $90 of dividends from Wilmar in SRS on 29 Aug.

11. Received $150.80 of dividends from Plife Reit in SRS on 30 Aug.

SGX Income Portfolio

Portfolio Value = $384k

US/HK Growth Portfolio

Moomoo

US$4.2k

Tiger Broker

US$12.6k

Syfe Trade

US$1k

Portfolio Value = US$17.8k

SRS Ultra Long-Term Portfolio

Portfolio Value = S$182k

Thanks for reading.

With love and peace, 

Qiongster

Net Worth Update August 2024 | Aiming towards S$1.7m!

 

In Aug 2024, my net worth increases by $7k to S$1.674m attaining another record high thanks to the recent CPF contributions, salary savings, dividends and recovery of S-Reits in my investments.

Net Worth Breakdown:

Safe Heavens (63%)

CPF (37%): Huge shoutout to my CPF for making a significant portion of my wealth. Attaining Full Retirement Sum FRS in 2022 was a great accomplishment.

Cash and war chest (15%): My cash is strategically stashed in fixed deposits and Fullerton cash funds earning over 3% p.a.

Bonds (11%): A mix of Singapore Savings Bonds and Astrea bond provides stability. I have maxed out my SSB individual limit of $20k this month.

Retirement Savings (13%)

SRS (8%): I have already contributed $15.3k for 2024, adding another layer to my retirement savings plan. My SRS funds are deployed into 6 local stocks - Comfortdelgro, DBS, OCBC, Keppel DC Reit, Keppel Reit and Wilmar.

Insurance (5%): I also own Prudential Pru-life multiplier whole life insurance plan and other savings plans which in total, could provide me with 6-digit lump sum payout after my retirement age.

Income and Growth Assets (23%)

Stocks and Reits (24%): This portion of my portfolio caters for generation of passive cashflows and potential growth, with a focus on long-term compounding growth through dividend investing.

Achieving another net worth milestone is a testament to the power of consistent saving, disciplined investing, compounding growth and strategic financial planning. By diversifying across safe havens, retirement savings, and growth assets, I am trying to build a robust financial foundation. The ongoing contributions to CPF, coupled with the strong performance of my investments, have been key drivers of this growth.

As I look ahead, I remain committed to my long-term financial freedom aspiration and will continue to focus on maximizing returns while managing risks. With a clear roadmap and unwavering discipline, I am confident in reaching the new S$1.7 million target by year-end. 

Thank you for reading!

With love & peace,

Qiongster

Added DBS to SRS Ultra Long-term Portfolio

  

After selling ST Engineering in July, more than $20k of funds are idling in my SRS account.

I have become like a predator in wildlife camping for my next prey. Today, I witnessed the share price of DBS (SGX:D05) plummet by more than $2 or 6% on immense fears of global economic recession. I pounced on this opportunity by nibbling DBS using some idle SRS funds.

In this world, we are constantly bombarded by fearful news, speculative advices and noises to evoke the fear or greed within us, tempting us to make irrational decisions, driving the volatility in financial markets.

It is crucial that long-term investors like us always remain calm, unwavered and focused on our investment objectives.

I am focused on replacing the loss of passive income from selling ST Engineering in my SRS portfolio. This portfolio recycling move serves to replace the lower yield and high debt ST Engineering with higher yield and cash rich DBS moving forward.

While the share prices of local banks and US tech stocks may continue to tank, we have nothing to fear if we are in the game for the long haul. DBS is due to announce its quarterly results and dividend on 8 Aug.

It is going to be a few more weeks or even months of intense volatility and turmoil in the market. I shall continue to monitor and shall not hesitate should more opportunities unfold.

Thanks for reading.

With love and peace, 

Qiongster

Maxed Out SSB $200K Individual Limit!

 

I have conquered the Singapore Savings Bonds (SSB) $200k individual limit!

After the latest subscription of $15k for the Aug 2024 tranche, I now own $170k of SSB in cash and $30k in SRS funds.

Here is the ladder of future dividends. Happy to get an average of $400 every month for the next 10 years!

Moving forward, I will review this SSB portfolio and recycle those low yield tranches as part of active asset management efforts.

Thanks for reading.

With love and peace, 

Qiongster