Portfolio Review (August 2025)

Review of my Portfolio (31/08/2025)

Total unrealized profit: + 33.4%

YTD performance: +8.4%

# Returns exclude dividend

Benchmark S&P500 YTD: + 10.08%

Added in August

Goal 1: ( $ 67,643.28 / $ 80,464) ⚔️

Growth Portfolio: -

Dividend Portfolio: U11, HMN, ME8U, C38U, C2PU, OV8, O39, United Global Durable Equities

Portfolio Weightage

• Weightage based on cost

Dividend Recieved

Goal 2: ($ 12, 401.49 / $ 17,117) ❤️

Dividend recieved in August = $ 3,263.79

US Market Review

• S&P500 marking its fourth consecutive monthly gain and market is now greedy.
• For worst case, I am anticipating a pull-back to ~$566 for $SPY, a 10 to 12% drop.
• The first support and buy point will be at ~$630.
• Historically, September will be a negative month and may be a good buying opportunity.

Sectors

• Currently, $XLK, $XLY and $XLC are in trend with the index. Thus there are no advantage in buying into individual sectors now.
• $XLV (healthcare) is still in consolidation. May still add more as long price below $140 but cautious not to be over-concentrated.
• Healthcare is a slow-to-moderate grower but defensive. it helps to cushion overall portfolio volatility but unlikely to lead a bull market. It is just my temporary parking position.

Individual Stock

• MSFT & META have retrace to it's 50 SMA, but is still generally considered expensive.
• MSFT: intrinsic value = $320 (overvalued)

1st support ~$506

2nd support ~$478

3rd support ~$430

• META: intrinsic value = $685 (overvalued)

1st support ~$735

2nd support ~$680

3rd support ~$575

• The other Magnificent 3 intrinsic value, but still far from their technical support.
• GOOGL: Intrinsic value = $215 (fair valued)
• AMZN: Intrinsic value = $267 (undervalued)
• AAPL: Intrinsic value= $216 (overvalued)

Conclusions

• There are not much discount at US market in August.
• Anticipating a retracement in September, looking to add some AMZN or GOOGL if the technical setup is correct.
• As the index is still overextended, I believe individual stocks still have some room to fall as they are highly correlated.