Review of my Portfolio (June 2022)

Review of my Portfolio (01/07/2022)

• Total unrealised loss = - 10.1%
• YTD my portfolio had down= - 31.4%
• Most of the losses are actually contributed by china.

Added in June

Growth Portfolio: KWEB, QQQM, XLK

Dividend Portfolio: Allianz income & Growth, BSTZ

Portfolio Weightage

Dividend Received

• YTD dividend received = SGD$ 3,267.82

• July will be a sad month🥺. Not much dividend.

Opinons

US MARKET

• The market continue to slump. (Performance as 1 Jul 22)

• Inflation has cause everything to become expensive, the only thing that get cheaper is me.😆

• During this market downturn, when you are looking for advices on youtube. The advices from youtubers can be summarise as below:

1. Continue to DCA every month into the market.
2. Buy bond, as interest rate rise, bond yield increase
3. Using technical analysis, to determine the entry points and buy in tranches
4. Buy into commodities, because supply chain distruption will cause the supply to drop thus the price will increase.
5. Short the market
6. Selling or buying options
7. Hold cash, buy when trend reverse or inflation show sign of decline.

• Different investors will have their own approaches when come to investing.
• Personally, i adopted (1) and (3) method.
• As i want to buy good companies at a cheap price, at the same time i do not want to miss this golden opportunity thus i DCA into ETFs, while waiting for a right price for individual companies.
• Method (2) also make sense if you are near retirement when presevation of wealth is your main consideration.
• Method (4) is a kind of hedging, when the oil price is all time low @2020 if you had buy in, i would say is a good move, but now at ATH? I have doubt.
• Method (5), (6) and (7), in my opinon, is really not for inexperienced investors, especially if you are still looking for advices online. You would either loss ton of money or miss the boat.

CHINA MARKET

• China equities had outperformed US equities YTD.
• Seem like china is recovering? Rotation of market?

SG REITS

• Even SG Reit cannot escape from the interest hike. Trending down.

Conclusions

• US and SG market are now bearish. Go slow when DCA-ing, market remain volatile
• "Be greedy when people are fearful", in my opinon, there are still not enough fear in the market, most people still have the guts to DCA every month or buy the dip.
• S&P500 drop - 20%+ YTD is actually nothing.
• Everybody are still expecting it to recover in a few month time.
• Extreme fear to me should be like china market when:

1. crashing 60%
2. lasting more than a year
3. people start selling.

• When you start hearing people say "My thesis had change....", "i have to reallocate because of opportunity cost....." that is sign of extreme fear.
• And if the bear market prolonged, dividends will form most of our returns.
• But nobody have a crystal ball, so is important to diversify into different countries. Most people portfolio are US bias from my observation.