Portfolio Update July 2026

It is the first day of August. Time for a July 2026 portfolio update.

My SGX Income Portfolio value increases to $484k from $464k as S-REITs stabilise while local banks are displaying continued resurgence.

My US Growth Portfolio rises to US$100.5k from US$91.2k, a rebound driven by easing Middle East tensions reducing energy price fears, growing certainty around imminent rate cuts, and renewed buying across AI-linked tech names after last month's pullback. NVIDIA and Amazon, which bore the brunt of June's correction, led the recovery. This is a good reminder that staying the course through drawdowns  rather than panic selling pays off when the picture clears up. The long-term thesis on quality tech remains intact.

My SRS Ultra Long-Term Portfolio value rockets to $328k from $300k mainly due to resurgence of DBS and OCBC which hit all-time highs.

Portfolio Actions

Nil

Portfolio Dividends

1. Received $544.50 of dividends from SSB on 1 Jul.

2. Received $162.50 of dividends from SSB in SRS on 1 Jul.

July 2026 was a reminder that markets don't stay down for long either.

After June's pullback, my US growth portfolio bounced back, a recovery that arrived as the same trio of macro headaches that caused the drawdown began to ease: Middle East tensions cooling from their peak, inflation prints starting to align with the market's rate-cut expectations, and renewed buying across AI-linked tech names as the profit-taking wave ran its course.

NVIDIA and Amazon, my two largest positions, led the charge back. After giving back gains in June as investors rotated into safer ground, both names recovered as risk appetite returned to high-beta tech. It's the kind of snapback that validates why holding through a drawdown, rather than reacting to it, is usually the better call. Volatility cuts both ways, and July was a reminder of the upside half of that trade.

What I did in June was simple: nothing. No panic selling, no second-guessing the thesis, no abandoning the barbell strategy. That patience paid off in July. The cash-secured puts on AMZN, GOOGL, NOW, MSFT and NVDA are now sitting at healthy unrealised gains, with premium decaying in my favour as the underlying names recovered. NKE remains the one lagging position, a reminder that not every short put resolves on the same timeline.

Microsoft has quietly become one of the steadier compounders in the portfolio, climbing back into double-digit unrealised gains as enterprise AI spending continues to underpin the cloud business. Apple, too, continues its quiet march upward, now sitting on triple-digit gains of its own despite being one of the "boring" names in the portfolio.

If history is any guide, corrections driven by geopolitical fear and inflation anxiety really do resolve faster than the headlines suggest. The plan for August is unchanged: stay the course, keep deploying premium from short puts, and resist the urge to chase names that already ran. Markets reward patience far more reliably than they reward prediction.

SGX Income Portfolio

Stock	Qty	Price	Value	Weight
DBS	1,001	S$74.020	S$74,086	15.3%
Aims Apac Reit	35,601	S$1.600	S$56,962	11.8%
CICT	20,506	S$2.490	S$51,060	10.5%
Mapletree Industrial Trust	26,000	S$1.930	S$50,180	10.4%
UOB	1,000	S$43.400	S$43,400	9.0%
Frasers Centrepoint Trust	16,000	S$2.270	S$36,320	7.5%
Capitaland Ascendas	11,900	S$2.570	S$30,583	6.3%
Frasers L&C Trust	30,000	S$0.990	S$29,700	6.1%
Mapletree Logistics Trust	21,879	S$1.240	S$27,130	5.6%
Mapletree PanAsia Com Trust	20,000	S$1.330	S$26,600	5.5%
Guocoland	4,500	S$2.280	S$10,260	2.1%
Capitaland Ascott Trust	10,000	S$0.905	S$9,050	1.9%
Suntec Reit	5,000	S$1.480	S$7,400	1.5%
Far East Orchard	6,758	S$1.060	S$7,163	1.5%
Capitaland China Trust	10,687	S$0.660	S$7,053	1.5%
Netlink Trust	5,000	S$1.010	S$5,050	1.0%
OUE	4,200	S$1.000	S$4,200	0.9%
IREIT Global	22,000	S$0.184	S$4,048	0.8%
UI Boustead Reit	5,000	S$0.800	S$4,000	0.8%

Total value

S$484k

US Growth Portfolio

Moomoo

Equity positions

Stock	Qty	Price	Avg cost	Mkt value	Unr. P/L	%
AMZN Amazon	140	$271.58	$221.94	$38,021	+$6,950	+22.4%
NVDA NVIDIA	170	$200.75	$200.12	$34,128	+$107	+0.3%
MSFT Microsoft	10	$464.72	$407.83	$4,647	+$569	+13.9%
AAPL Apple	11.1	$308.91	$127.61	$3,429	+$2,012	+142.1%
PANW Palo Alto	10	$331.83	$165.00	$3,318	+$1,668	+101.1%
TSM TSMC	5	$404.25	$117.20	$2,021	+$1,435	+244.9%
BB BlackBerry	2	$8.50	$9.87	$17	-$3	-13.8%
NOK Nokia	1	$9.14	$5.88	$9	+$3	+55.4%

Options positions

Contract	Type	Strike	Expiry	Unr. P/L	Portfolio %
AMZN 250P Short (CSP)	Put	$250	18 Dec 26	+$868	-1.12%
GOOGL 250P Short (CSP)	Put	$250	21 Aug 26	+$952	-0.01%
NOW 93P Short (CSP)	Put	$93	14 Aug 26	+$482	-0.03%
NVDA 192.5P Short (CSP)	Put	$192.50	7 Aug 26	+$380	-0.13%
MSFT 350P Short (CSP)	Put	$350	31 Jul 26	+$779	-0.01%
NKE 50P Short (CSP)	Put	$50	18 Dec 26	-$19	-0.90%

Tiger Broker

Syfe Trader

Total value

US$101.3k

SRS Ultra Long-Term Portfolio

Disclaimer: This article is for informational purposes only and does not constitute financial advice. It's crucial to conduct your own research or consult with a qualified financial advisor before making any investment decisions.

Thanks for reading.

With love and peace, 

Qiongster

Net Worth Update July 2026 | SGD 2.31m Record High!

 

July 2026 was, by any measure, a month of quiet vindication.

The World Cup fever that gripped the globe provided the backdrop but unlike the geopolitical theatre of June, the financial markets this month were less soap opera and more steady grind. No shock headlines. No panic selloffs. Just capital doing what capital does when the fog lifts: finding its way into quality assets.

The story of July belonged to Singapore's banking giants. DBS, OCBC and UOB surged on the back of resilient net interest margins, robust loan growth, and a market finally accepting that Singapore's financial sector is not just defensive — it is a genuine compounder. For SGX income portfolio holders, this was a month where loyalty was rewarded handsomely.

Across the Pacific, US tech remained volatile — earnings season kept traders on their toes — but the trend line pointed firmly upward. AMZN, MSFT and NVDA held their ground and then some, with AI infrastructure spending narratives refusing to be derailed by the occasional macro wobble. Cash-secured puts continued to do their quiet work: premium income collected, positions built methodically, no drama.

My net worth climbs to a new record high of SGD 2.31m, a jump of ~$70k or 3% from last month.

The engine this month was a genuine team effort — SG banks pulling hard from the SGX side, US tech compounders holding firm, and the ever-reliable salary savings and CPF contributions keeping the base solid. Just a well-constructed portfolio doing exactly what it was built to do.

My net worth breakdown is as follows:

Safe Havens (56%)

CPF (32%): Bedrock of my retirement savings, compounding quietly at guaranteed rates like a low hanging fruit tree.

Cash and war chest (16%): Liquid reserves in fixed deposits and Fullerton cash funds earning around 1% p.a. Opportunity capital, patiently waiting.

Bonds (8%): Singapore Savings Bonds and Astrea PE Bonds continue to anchor the portfolio. Steady, predictable, uneventful providing a peace of mind.

Retirement Savings and Protection (18%)

SRS (14%): Diversified across SSB, local stocks, Amundi Prime USA fund and Fullerton money market funds. The tax deferral keeps compounding in the shadows.

Insurance (4%): Prudential whole life and savings plans on track for a 6-digit payout post-retirement. Protection that costs money today for future peace of mind.

Equities (26%)

Stocks and REITs (26%): SG banks led the charge on the SGX side, a reminder that boring, dividend-paying local banks can deliver real capital appreciation when the macro aligns. S-REITs provided steady income support. On the US side, the growth tech portfolio continued its measured climb. The barbell structure with SGX income on one end, US growth on the other, is working exactly as designed.

Conclusion

SGD 2.31m. Another record. But the number is just a scoreboard. What it represents is something more durable: the compounding of decisions made consistently, without panic, without greed, without the need to chase every shiny headline.

The World Cup reminded us this month that even the most dramatic tournaments have a quiet, inevitable logic to them. The best-prepared teams, playing disciplined football with great defences, tend to win in the end. Investing is no different.

Stay the course. Let the portfolio breathe. Trust the process.

Financial independence is not a sprint. It culminates years of showing up, contributing, reinvesting, and resisting the urge to do something clever when doing nothing is the right answer. Every month the number moves up is a month the future gets a little more secure, a little more yours.

If an ordinary folk in Singapore can get here, so can you.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. It's crucial to conduct your own research or consult with a qualified financial advisor before making any investment decisions.

Thanks for reading.

With love & peace,

Qiongster

Portfolio Update June 2026

Half the year has passed for a portfolio update for June 2026.

My SGX Income Portfolio value inches up to $464k from $463k as S-REITs remain sluggish while local banks are still displaying continued resilience. 

My US Growth Portfolio decreases to US$91.2k from US$101.3k, a correction driven by escalating Middle East tensions reigniting energy price fears, stubborn inflation data pushing back rate-cut hopes, and broad profit-taking across AI-linked tech names after their strong run-up earlier in the year. NVIDIA and Amazon bore the brunt of the pullback, though I see this as healthy repricing rather than a trend reversal. The long-term thesis on quality tech remains intact.

My SRS Ultra Long-Term Portfolio value rises to $300k from $287k mainly due to SRS contributions and resurgence of local banks.

Portfolio Actions

Nil

Portfolio Dividends

1. Received $507 of dividends from SSB on 2 Jun.

2. Received $816.14 of dividends from CICT on 8 Jun

3. Received $135.50 of dividends from Netlink Trust on 10 Jun

4. Received $803.40 of dividends from Mapletree Ind Trust on 12 Jun

5. Received $380 of dividends from MPACT on 17 Jun

6. Received $885 of dividends from Frasers L&C Trust on 22 Jun

7. Received $397.98 of dividends from Mapletree Log Trust on 23 Jun

8. Received $910.00 of dividends from Aims Apac Reit (29 Jun) via DRP 601 shares

9. Received $261.84 of dividends from Far East Orchard (29 Jun) via DRP 212 shares

Here's a fuller narrative piece to sit alongside the portfolio table:

June 2026 was a reminder that markets don't go up in a straight line.

After a strong start to the year, my US growth portfolio pulled back to US$91.2k from US$101.3k, a correction that arrived right on schedule with a familiar trio of macro headaches: escalating tensions in the Middle East reigniting fears of an energy price shock, inflation prints that refuse to cooperate with the market's rate-cut wishlist, and a healthy dose of profit-taking across AI-linked tech names that had run hard in the first half of the year.

NVIDIA and Amazon, my two largest positions, bore the brunt of it. After months of leading the charge, both names gave back gains as investors rotated out of high-beta tech and into safer ground. It's the kind of pullback that looks alarming on a portfolio screenshot but is, frankly, business as usual for anyone holding concentrated growth positions. Volatility is the toll you pay for the upside.

What I didn't do: panic sell, second-guess the thesis, or abandon the barbell strategy. The cash-secured puts on AMZN, MSFT and NKE are sitting at small unrealised losses on paper, but that's the nature of selling premium during a drawdown — the strikes were chosen with conviction, and I'm happy to take assignment on quality names at lower prices if it comes to that.

The compounders that have already proven themselves — Palo Alto Networks and TSMC, both still sitting on triple-digit unrealised gains — are a useful reminder of why this strategy works over a full cycle, not just the good months. Apple, too, continues its quiet march upward despite being one of the "boring" names in the portfolio.

If history is any guide, corrections driven by geopolitical fear and inflation anxiety tend to resolve faster than the headlines suggest. The plan for July is simple: stay the course, keep deploying premium from short puts, and resist the urge to time a bottom that nobody can call with precision. Markets reward patience far more reliably than they reward prediction.

SGX Income Portfolio

Stock	Qty	Price	Value	Weight
DBS	1,001	S$65.400	S$65,465	14.1%
Aims Apac Reit	35,601	S$1.600	S$56,962	12.2%
Mapletree Industrial	26,000	S$1.920	S$49,920	10.7%
CICT	20,506	S$2.370	S$48,599	10.4%
UOB	1,000	S$39.760	S$39,760	8.5%
Frasers Centrepoint	16,000	S$2.260	S$36,160	7.8%
Capitaland Ascendas	11,900	S$2.490	S$29,631	6.4%
Frasers L&C Trust	30,000	S$0.965	S$28,950	6.2%
Mapletree Logistics	21,879	S$1.220	S$26,692	5.7%
Mapletree PanAsia	20,000	S$1.290	S$25,800	5.5%
Guocoland	4,500	S$2.130	S$9,585	2.1%
Capitaland Ascott	10,000	S$0.885	S$8,850	1.9%
Far East Orchard	6,758	S$1.110	S$7,501	1.6%
Suntec Reit	5,000	S$1.450	S$7,250	1.6%
Capitaland China	10,687	S$0.650	S$6,947	1.5%
Netlink Trust	5,000	S$0.975	S$4,875	1.0%
IREIT Global	22,000	S$0.205	S$4,510	1.0%
OUE	4,200	S$1.000	S$4,200	0.9%
UI Boustead Reit	5,000	S$0.800	S$4,000	0.9%

Total value

S$464,397

US Growth Portfolio

Moomoo

Equity positions

Stock	Qty	Price	Avg cost	Mkt value	Unr. P/L	%
AMZN Amazon	140	$240.45	$221.94	$33,663	+$2,592	+8.3%
NVDA NVIDIA	170	$197.48	$200.12	$33,572	$-448	-1.3%
PANW Palo Alto	10	$329.91	$165.00	$3,299	+$1,649	+99.9%
MSFT Microsoft	10	$370.11	$407.83	$3,701	$-377	-9.2%
AAPL Apple	11.1	$281.79	$127.61	$3,128	+$1,711	+120.8%
TSM TSMC	5	$453.95	$117.20	$2,270	+$1,684	+287.3%
BB BlackBerry	2	$12.35	$9.87	$25	+$5	+25.2%
NOK Nokia	1	$13.31	$5.88	$13	+$7	+126.4%

Options positions

Contract	Type	Strike	Expiry	Unr. P/L	Portfolio %
AMZN 250P Short (CSP)	Put	$250	18 Dec 26	$-615	-2.72%
GOOGL 250P Short (CSP)	Put	$250	21 Aug 26	+$901	-0.06%
MSFT 350P Short (CSP)	Put	$350	31 Jul 26	$-228	-1.01%
NKE 50P Short (CSP)	Put	$50	18 Dec 26	$-100	-1.06%

Tiger Broker

Syfe Trader

Total value

US$101.3k

SRS Ultra Long-Term Portfolio

Disclaimer: This article is for informational purposes only and does not constitute financial advice. It's crucial to conduct your own research or consult with a qualified financial advisor before making any investment decisions.

Thanks for reading.

With love and peace, 

Qiongster