Portfolio Review (September 2025)

Review of my Portfolio (30/09/2025)

Total unrealized profit: + 38.9%

YTD performance: + 13.9%

Benchmark S&P500 YTD: + 13.97%

Added in September

Goal 1: ( $ 74,516.32 / $ 80,464) ⚔️

Growth Portfolio: XLV, MSFT, AMZN

Dividend Portfolio: YLD, Allspring Global Equity Enhanced Income, United Global Durable Equities

Portfolio Weightage

Dividend Recieved

Goal 2: ($13,848.07 / $ 17,117) ❤️

Dividend recieved in September = $ 1,446.58

Opinons

• My dividend portfolio is built around four key factors:

1. Yield
2. Capital appreciation
3. Distribution per unit growth
4. Payout frequency

Building a Weekly Dividend Portfolio with a 5 to 7% p.a yield

• I’ve added a fourth fund to my weekly dividend portfolio.
• Current structure is as follow, the weekly portfolio dividend yield about 6%+ after tax.
• I’m currently looking for a suitable SGD-denominated global equity fund that pays monthly dividends on the first week to replace BST & BSTZ, as both are subject to a 30% dividend withholding tax and FX risk.
• Also due to their high volatility, i will only buy during market crashes inorder to get a yield of at least 6% (after tax). Thus, both are not suitable for DCA-ing.
• The weekly dividend portfolio is designed to serve objectives (1) yield and (4) payout frequency.

Reits

• Most of the blue-chip reits are at fair value or slight overvalued, yielding at 5+%, except for parkwaylife and keppel DC which are always traded in a very high premium, they are the dividend growers.
• There are some reits sectors which still providing a good yield of 6+%. But higher yield always come with some risks like debt, FX and modest capital growth.
• Personally, 5+% yield is still not bad. The reason I don't just invest in Reit ETF, because I can adjust the allocation of individual to achieve a reasonable yield and dividend growth.
• Current yield of lion phillip S-Reit is 5.59% as in 23-Sept.

Banks

• The banks are always the darling for people who invest in Sg stocks.
• The 2 banks have been slightly down or been flat, except for DBS. The forward yield have dropped to 4+%.

• History doesn't repeat but it rhymes, base on past low interest rate enviroment bank stocks likely to remain relatively flat and will not have explosive growth like past few years.
• I don't believe they will have huge crashes unless there is another crisis.
• However, banks are always a very strong dividend grower.
• High yield stocks, like Reits, give us strong cash flow upfront.
• Dividend growers increase their payouts regularly, often above inflation rates, which helps protect our purchasing power over time.
• I will continue to DCA into $YLD to gain banking sector exposure and periodically into individual bank.

US Market

• US market continue to climb. Reached another ATH and everything is expensive.

• I am reluctant to buy QQQM. The peak and trough of its price start to get very narrow.

• The sectors seem to start rotating again. XLY and XLC start to turn, while XLV break its resistance.
• As mention previously, I will stop buying XLV once it break $140 and wait to take profit at $160.
• Then I can allocate to my other long term holdings.

• I will monitor the communication and discreationary sectors in OCT for a more distinct divergence.

• Not able to add more GOOGL in September as original plan, because it just "gap up" before my salary come in. 😢
• For individual stocks, I am monitoring MSFT, AMZN and META In October.
• Technically, MSFT is in consolidation, AMZN just hit support and META still potentially have more to fall.

Sectors Rotation

Individual Stocks