Happy New Year! Here’s my very first update on our Family Portfolio. I intend to post an update like this at the start of each month to track the changes to our main portfolio.
For now it will just be the holdings, but I’m working on performance tracking as well and will include that once it’s done.
This Family Portfolio is held jointly with my wife and is geared towards long-term goals for our young family, so the risk profile is more conservative.
Note that I do have smaller holdings held in my Personal Portfolio and Social Portfolio. These are my personal funds (which are not much to begin with) and held with different brokers.
The only reason I have another Social Portfolio is because I’ve recently started using eToro which has pretty good tracking tools IMO, so I didn’t bother tracking it separately on spreadsheets.
Without further ado, here are the holdings in our Family Portfolio as at 7th Jan 2021:
| No | Ticker | Name | Stock Exchange | Weight |
| 1 | G3B | NikkoAM STI ETF | SG | 11.9% |
| 2 | VT | Vanguard Total World Stock Index Fund ETF | US | 10.0% |
| 3 | AMZN | Amazon.com, Inc. | US | 3.4% |
| 4 | O39 | OCBC | SG | 3.3% |
| 5 | TLT | iShares 20 Plus Year Treasury Bond ETF | US | 3.0% |
| 6 | MSFT | Microsoft Corporation | US | 2.7% |
| 7 | A7RU | Keppel infrastructure trust | SG | 2.7% |
| 8 | A17U | Ascendas REIT | SG | 2.7% |
| 9 | Z74 | SingTel | SG | 2.4% |
| 10 | S61 | SBS Transit | SG | 2.4% |
| 11 | BND | Vanguard Total Bond Market Index Fund ETF | US | 2.4% |
| 12 | ARKK | ARK Innovation ETF | US | 2.2% |
| 13 | VNQ | Vanguard Real Estate Index Fund ETF | US | 2.0% |
| 14 | IAU | iShares Gold Trust | US | 2.0% |
| 15 | BABA | Alibaba Group Holding Ltd – ADR | US | 1.9% |
| 16 | C52 | ComfortDelgro | SG | 1.9% |
| 17 | TDOC | Teladoc Health Inc | US | 1.7% |
| 18 | JPM | JPMorgan Chase & Co. | US | 1.7% |
| 19 | QQQ | Invesco QQQ Trust Series 1 | US | 1.6% |
| 20 | ASTREAIV | Astrea IV 4.35% Class-A1 Bonds | SG | 1.6% |
| 21 | ASTREAV | Astrea V 3.85% Class-A1 Bonds | SG | 1.6% |
| 22 | S58 | SATS | SG | 1.6% |
| 23 | PYPL | Paypal Holdings Inc | US | 1.5% |
| 24 | C38U | Capitaland Integrated Commercial Trust | SG | 1.4% |
| 25 | BUOU | Frasers Logistics & Commercial Trust | SG | 1.4% |
| 26 | CSCO | Cisco Systems, Inc. | US | 1.4% |
| 27 | ABBV | AbbVie Inc | US | 1.4% |
| 28 | ACV | Frasers Hospitality Trust | US | 1.2% |
| 29 | WBA | Walgreens Boots Alliance Inc | US | 1.2% |
| 30 | T | AT&T Inc. | US | 1.1% |
| 31 | MA | Mastercard Inc | US | 1.1% |
| 32 | PLTR | Palantir Technologies Inc | US | 1.1% |
| 33 | ATVI | Activision Blizzard, Inc. | US | 0.9% |
| 34 | HMN | Ascott REIT | SG | 0.9% |
| 35 | BRK.B | Berkshire Hathaway Inc. Class B | US | 0.7% |
| 36 | ZM | Zoom Video Communications Inc | US | 0.7% |
| 37 | SQ | Square Inc | US | 0.7% |
| 38 | AAPL | Apple Inc | US | 0.7% |
| 39 | SE | Sea Ltd | US | 0.6% |
| 40 | CFA | NikkoAM-StraitsTrading Asia ex Japan REIT ETF | SG | 0.2% |
| Cash | 14.8% |
Our holdings are only stocks, ETFs, REITs or bonds listed on US or Singapore exchanges.
Our largest holding is the NikkoAM STI ETF (G3B), an ETF tracking the Singapore benchmark STI ETF. This position was built up over 4+ years through a Regular Savings Plan with DBS/POSB. Recently though, I have redirected monthly contributions to CFA, another ETF but one that tracks the Asia ex-Japan REIT Index. Few reasons for doing this,
- Diversification: G3B had grown to >10% weightage of the portfolio, which I consider large.
- Dividends: Gain greater exposure to SG REITs which also pay higher dividend yields.
- Performance: CFA has been outperforming G3B since it’s inception (see screenshot below).
- Bonus: Helps me earn cashback bonus from DBS/POSB Bank and Earn program.
Our second largest holding is the Vanguard Total World Stock Index Fund ETF (VT), which is probably one of the broadest ETFs in the market holding the largest companies from all over the world. I add to this position roughly quarterly, and is meant to just provide a baseline average market return for portfolio stability.
The remaining 38 holdings are all below 4%, so not really worth getting into. I find that our portfolio is over-diversified. Also, the combined performance of individual stocks does not seem to even beat the benchmark ETF. My conclusion though is only based on portfolio snapshot performance and is only a gauge. I’m currently working more accurate portfolio tracking which might yield different results.
I’m also sitting on around 15% cash because markets are at all-time highs and I find it difficult to justify buying more stocks at these high valuations. Having some dry powder to deploy in case of market correction would also allow me to load up on my watchlist stocks at better prices.
Question I need to ask myself is: Are my individual stock picks outperforming VT? Otherwise, it might not be worth the time and effort in research and following the latest developments. VT is practically a passive investment where all the stocks are picked and rebalanced for you by the fund manager based on the index.
As one of my 2021 goals, I intend to take a hard look at each of our individual stocks and consolidate them into my higher conviction ones. Although this might results in higher risk (and hopefully potentially higher reward), I intend to balance this out by increasing the weightage of ETFs which are generally lower risk.
Let me know what you think about our Family Portfolio, and whether you have any similar holdings. Until the next update.