Review of my Portfolio (April 2022)

Review of my Portfolio (19/04/2022)

• Total portfolio +7.4 % unrealised capital gain.
• My portfolio rebound from negative to positive within couple of days after i had done my previous portfolio review. So be patient when invest in stock market, just do nothing Is the best strategy.
• Not much exciting activities in April, the US market is still under consolidation.

• China equities are now under extreme fear, delisting, poltical tension, lockdown... china equities continue to trend down.

Added in April

Growth portfolio - Kweb, XLC

Dividend portfolio - Allianz income and growth, SK6U, OV8

Portfolio weightage

• Currently i will be transiting slowly to a more dividend focus portfolio.
• Thus i will be DCA more aggressivly into my dividend portfolio

Dividend Received

• DBS & Allianz still owe me about SGD$350 this month.
• Looking forward to May, should be a happy month.

• YTD dividend recevied $1388.09

Opinons

• My US portfolio is focus mainly on technology, consumer cyclical and comunication services sectors and their market leaders.

• i had been adding small position into XLC since Nov-21 as i observed there is a clear divergence between this sector from the S&P. Among the sector, facebook & Netflix got the limelight from media.

• However, when having a closer inspection you will notice that all the top holdings of XLC are trending down. Google being exception. While the boarder market, is in sideway, no clear sign of any change in trend yet.

• Why do i like to keep buying things that is down? Because over long period, sectors ETF should converge to S&P.

• For sg reits market, it is going through a long period of consolidation and may have a short term downtrend. Good chance to buy more.

• if you just buy the ETF after the covid period. Your reits portfolio should still be in the red. However, if you buy individual reits, you will find some reits are recovering.

• Recently, media announced some reits have increases their DPU, which is a good sign.

• For the banks, i feel too expensive to buy now for the amount of dividend they give.

Conclusions

• When market is red, the best strategy is to continue to DCA if you are buying an ETF.
• If you buying into individual stock, if it had not reaches a fair valuation. The best is do nothing.
• When invest in growth stocks, with very high PE, is important to note the stock price may fall 70% over a few days. eg fb & Nflx. Some may never recover.
• if you buy a company at a wrong price = bad investment even if is a good buisness.

Previous Review

https://seedly.sg/opinions/review-of-my-portfolio-march-2022/