We were away for the first half of August on vacation, so I missed out the July update (been a while since I missed one). However, seems like the market went up and down the past 2 months, and markets actually ended August roughly back to where they were since the start of July. If you were like me and were away for 2 months, nothing much changed at least for the S&P 500.
That said, the Nasdaq has fallen more than the S&P 500 due to Big Tech taking a bigger hit and non-Mag 7 catching up. Nvidia (NVDA) has been suffering recently, bringing the index down with it.
With expectations of rate cuts, yields on cash and bonds have started to fall. I’ll probably have to lower my cash holdings slightly soon, since I won’t be getting as good a yield as before. Hopefully markets fall a bit more, so I can buy more at lower prices.
With yields dropping, I’ve not increased my cash holdings or put any more cash to work. I’ll be looking at deploying more cash into the markets in coming weeks.
Check out my Fixed Income Tracker and SSB tracker for the latest updates for fixed income and SSB.
Note: I’ve switched over to Portseido in this month’s update and going forward. Portseido can track all my listed securities, except crypto assets and Syfe portfolios. There are also some smaller positions I need to sort out but doesn’t affect the overall picture much.
If you’re interested to track your investment portfolio on Portseido, you can sign up with my referral link.
See my Portfolio page for more details on my portfolio value, holdings, and strategy.
| As at 1 Sep 2024 | Value SGD | Aug performance |
| Family Retirement Portfolio | $310K | -0.2% |
| Personal Trading Portfolio | $66K | -6.0% |
| S&P 500 | +1.5% | |
| NASDAQ | +0.4% |
Family Retirement Portfolio (FRP)
FRP underperformed the S&P 500 quite a bit last month, like due to underperformance of portfolio heavyweights Nvidia (NVDA) and Tesla (TSLA), offset slightly by Palantir (PLTR).
No change to the usual RSP into ETFs on FSMOne into VWRA, QQQ, ARKK and HST.
Read also: Automating Your Investments With FSMOne
If you’re interested to sign up for a FSMOne account, you can use my referral code P0267058.
In terms of cash allocation, this portfolio is currently sitting at 18% cash. My cash target is currently 16% though, so I’ll be looking for opportunities to deploy 2% of the portfolio in coming weeks.
Syfe managed portfolios is currently valued at $29.9k (as at 5 Sep 2024), up from $24.2k (as at 11 July 2024) over 2 months, mostly due to recovery in REITs but also partially due to the usual RSP S$400/mth. No change to regular monthly contributions of $200 into each of the Core Equity100 and REIT+ portfolios.
Read my reviews of Syfe Income+, Syfe REIT+, and Syfe Core Equity100.
Personal Trading Portfolio (PTP)
PTP underperformed NASDAQ substantially in August, largely due to the drop in Tesla (TSLA) shares down 2.9% for the month. Palantir (PLTR) was up substantially, but I’ve cut the position to a much smaller weight of the portfolio.
In July, I also made smaller buys in McDonald’s (MCD) and Disney (DIS) with the view of capitalising on a potential recovery from undervalued levels. MCD recovered earlier than expected in August, so I sold off the entire position for a small profit. However, DIS is still languishing so I’ll be patient and wait.
Tesla is set to reveal their robotaxi concept on 10 October, which was delayed from 8 August. FSD also looks to be piloted in China and Europe soon hopefully, pending regulatory approval. In the meantime, I’ll continue to collect TSLA shares.
Read my investment thesis on TSLA here.
How did your portfolio perform in August 2024?
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Disclaimer: This is not financial advice. I am not professional financial advisor nor do I work in the finance industry. Anything I write here is purely my personal opinion. Please do your own research and due diligence before investing into anything. All investments come with associated risks. Best to consult a financial advisor if you’re still unsure.
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