Here is a portfolio update for May 2026.
My SGX Income Portfolio value climbs to $463k from $457k, driven by continued strength in the banks with DBS and UOB both riding positive earnings momentum and a healthy rebound in Aims Apac Reit and Frasers L&C Trust. Frasers L&C hitting the $1 psychological milestone. Partially offsetting were softer prices across the Mapletree family and CICT, though nothing alarming given the broader sluggish S-REIT environment.
My US Growth Portfolio increases to US$101.3k from US$83.2k due increased investment in NVIDIA from cash secured put option assignment and sustained strength of growth stocks such as MSFT, PANW and AMZN.
My SRS Ultra Long-Term Portfolio value rises to $287k from $270k mainly due to SRS contributions and dividends received from local banks.
Portfolio Actions
1. Buy 100 shares of NVDA at $217.50 from cash secured put option assignment.
2. Sell 100 shares of FTNT at $100 from covered call option assignment.
3. Close AMZN covered call option by buying back and replacing with a Dec 26 $250 PUT.
Portfolio Dividends
1. Received $613 of dividends from SSB on 4 May.
2. Received $2,100 of dividends from OCBC on 8 May in SRS.
3. Received $710 of dividends from UOB on 8 May.
5. Received $229.50 of dividends from Comfortdelgro on 13 May in SRS.
6. Received $150 of dividends from Wilmar on 15 May in SRS.
7. Received $810.81 of dividends from DBS on 20 May.
8. Received $648 of dividends from DBS on 20 May in SRS.
9. Received $184.10 of dividends from Astrea 7 Class A-1 PE Bond on 28 May.
10. Received $42 of dividends from OUE on 29 May.
11. Received $96.80 of dividends from Suntec Reit on 29 May.
12. Received $981.76 of dividends from Frasers Centrepoint Trust on 29 May.
The 2026 investment landscape remains defined by competing crosscurrents — Iran war fears that gripped markets earlier in the year have meaningfully subsided, yet sticky inflation and a "higher-for-longer" rate narrative continue to keep investors on edge. The brief spike in volatility, however, proved to be exactly the kind of emotional overreaction that long-term compounders should welcome rather than fear.
The barbell strategy continues to do its job quietly. On one end, SGX banks and REITs provide the defensive ballast as DBS and OCBC delivering stellar results, while the broader S-REIT complex stages a gradual recovery on the back of decent earnings and easing geopolitical noise. On the other end, US tech leaders are rewarding patience: NVIDIA, Amazon, Palo Alto and TSMC all pushing higher as AI infrastructure spending and cloud demand prove resilient to the macro uncertainty.
The playbook remains unchanged — anchor in quality cash flows, accumulate during periods of fear, and resist the temptation to trade the headlines. As the geopolitical dust settles and rate expectations gradually normalise, the portfolio is already positioned where it needs to be. Volatility was the opportunity. Staying invested was the edge.
SGX Income Portfolio
| Stock | Qty | Price | Value | Weight |
|---|---|---|---|---|
| 1,001 | S$62.840 | S$62,903 | 13.6% | |
| 35,000 | S$1.580 | S$55,300 | 12.0% | |
| 26,000 | S$1.940 | S$50,440 | 10.9% | |
| 20,506 | S$2.270 | S$46,549 | 10.1% | |
| 1,000 | S$37.600 | S$37,600 | 8.1% | |
| 16,000 | S$2.270 | S$36,320 | 7.9% | |
| 30,000 | S$1.000 | S$30,000 | 6.5% | |
| 11,900 | S$2.500 | S$29,750 | 6.4% | |
| 21,879 | S$1.280 | S$28,005 | 6.1% | |
| 20,000 | S$1.280 | S$25,600 | 5.5% | |
| 4,500 | S$2.260 | S$10,170 | 2.2% | |
| 10,000 | S$0.895 | S$8,950 | 1.9% | |
| 6,546 | S$1.220 | S$7,986 | 1.7% | |
| 5,000 | S$1.470 | S$7,350 | 1.6% | |
| 10,687 | S$0.645 | S$6,893 | 1.5% | |
| 22,000 | S$0.235 | S$5,170 | 1.1% | |
| 5,000 | S$0.995 | S$4,975 | 1.1% | |
| 4,200 | S$1.070 | S$4,494 | 1.0% | |
| 5,000 | S$0.795 | S$3,975 | 0.9% |
Total value
S$463,430
Moomoo
Equity positions
Options positions
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.
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