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