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