Saturday 30 December 2023

My Investment Portfolio - SG (End Dec 2023)


Extracted from Stockcafe


- Added 150 units of Mapletree Log Trust via scrip dividends at $1.437

My portfolio no longer hover between red and green. It is now green due to the recent rally by stocks and mainly Reits. The market has, as usual, been very forward looking. Take a look at the CME Fedwatch Tool on the interest rates probabilities below.

The market has rose, especially Reits, pricing in expected interest rates cut in 2024. In fact, the market is pricing in interest rate cut of 0.25 on 20 March 2024 and an interest rate of 3.75 to 400 by end 2024. It is important to note that these are probabilities based on today's environment. The context can and will change with each passing days, whether the Fed achieve a soft landing is also another question. 

I cannot predict the future, I can only try to understand why the market has rose recently, as explained above. At the same time, understand what impacts the interest rate and the measure to take whether it is cut, remain the same or increase. As always, I do not time the market. I buy what I perceive as fundamentally sounded stocks and continue to build this portfolio bit by bit. There is no need for me to FOMO at this point since I have been buying Reits in the last 2 years, in anticipation of interest rate cuts.

Dividends received* during the month: $1,691.68 (Frasers Logistics & Commercial Trust, Singapore Telecommunications Ltd, Mapletree Pan Asia Commercial Trust, Singapore Technologies Engineering Ltd, Mapletree Ind)

Total dividends received in 2023: $18,777.94

Average dividends per month^: $1,564.83

Total Portfolio Market Value: $373,885.08

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 
Portfolio excludes Singapore Savings Bonds, T-bills and Foreign Stocks
Divided by 12 months regardless of month of the year. 

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