Review of my Portfolio (July 2022)

Review of my Portfolio (30/07/2022)

• Total unrealised loss = -1.3%
• YTD portfolio down = - 22.2%

Added in July

Growth Portfolio: XLK, META

Dividend Portfolio: BSTZ, SK6U, CLR, M44U, AJBU, AU8U, CMOU, T82U, OV8, J91U, Allianz income & growth

Sold in July

RW0U @ +9.6% (exclude dividend)

Reason: Merger with N2IU, dont want to have odd lot

Portfolio Weightage

Dividend Received

YTD dividend received = SGD $ 3,460.05

Opinons

US Market

• The communication sector trail the Nasdaq again. Maybe it will catch up again?
• This month is the earning session for all the tech giant.
• Google, Meta and Microsoft had missed their earnings.
• Microsoft rocketed while Meta and Google remain quite stagnent.
• On the bright, Meta and Google didn't plunge another 20%, meaning current price may had already factor in all the headwind ahead?
• Meta shows slowing down of revenue growth, however at current valuation, it is too attractive to ignore.
• August plan to build more position on communication sector, provided it haven't recover, must wait for my next month salary... 😔 poor man.

China Market

• Over at china, Alibaba plunged below 100 again as SEC added it into delisting list.
• Alibaba pursue primary listing in Hong kong may signal high chance of delisting.
• If BABA get delisted from NYSE. It can either be traded OTC or convert the BABA shares to 9988 @ a fee. So not to concern actually.
• There also other issue like China debt crisis, US-China tension risen because Pelosi want to visit taiwan.

• To me, the highest risk is actually China following Russia footstep and invade Taiwan, it will really be a wealth destruction for the entire world.

SG REITS

• In Singapore, boring as ever, just keep collecting the cashflow.
• There are several reits that report rise in DPU In July. Good news, can buy more coffee.

Conclusions

• While the "economists" are focusing on the macroeconomic, investors should just focus on buying real assets and not overpaying for them.

• The most important is still have a job, able to pay bill and have saving in your banks.

• Just stick to whatever proven investing strategy that you had previously employed and don't read too much News.

Previous portfolio Reviews

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