Happy New Year! 2024 ended with a bit of a whimper, after starting off December on a high with expectations of an early Santa rally. Despite the pullback though, the S&P 500 still ended the year up a whooping 24%.
I have no complaints about how the stock market performed in 2024 and the tailwind that provided to our portfolios, both of which were up in excess of 40% for the year.
As stocks powered higher, I took the chance to clean up the Family portfolio by selling off the smaller speculative position which finally were at or close to breakeven. As for the Personal portfolio, I started a few new small positions to spread out some risk because of how fast Tesla and Palantir surged.
Bond yields continue to climb higher, which have pulled stocks back a bit since the start of 2025. There might be some uncertainty until Trump takes office and maybe even continue in the few weeks and months into his term.
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See my Portfolio page for more details on my portfolio value, holdings, and strategy.
| As at 1 Jan 2025 | Value SGD | Dec performance | FY2024 performance |
| Family Retirement Portfolio | $381K | +1.9% | +43.4% |
| Personal Trading Portfolio | $112K | +16.5% | +47.2% |
| S&P 500 | -2.5% | +24.0% | |
| NASDAQ | +0.4% | +27.0% |
Combined portfolio invested value is closing in on half a million mark!
Family Retirement Portfolio (FRP)
FRP beat S&P 500 and Nasdaq handily in December as well, thanks to the surprising resilience of Tesla (TSLA) and Palantir (PLTR). Markets have pulled back quite a bit since the start of the year, so the above chart reflects the latest rebalanced portfolio.
Last month, I’ve sold off my entire position in Block (SQ), and trimmed some TSLA and PLTR to rebalance the portfolio.
No change to the usual RSP into ETFs on FSMOne into VWRA, QQQ, ARKK and HST, despite the higher prices.
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 16% cash. No change to cash allocation modifiers, since SSB rates have been pretty stable. Since the start of 2025 though, markets have pulled back quite a bit so I’ve reduced cash position by 1-2%.
Syfe managed portfolios is currently valued at $41.6k (as at 14 Jan 2025), up from $39.4k (as at 11 Dec 2024) after adding $2k to REIT+ and $600 to Income+ in addition 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 continued to perform well last month, benefitting from continued rallies in Tesla (TSLA), Palantir (PLTR), and even Alphabet (GOOG). Since the start of 2025 though, all have dropped a bit in line with the wider market.
Last month, I continued to trim TSLA. I’ve also sold off my entire position in Disney (DIS) after a pretty good run to lock in profits. On the buy side, I’ve added to Boeing (BA) and Nvidia (NVDA).
I felt that DIS surged a bit too much to fast, although the company turnaround seems to be gathering momentum under CEO Bob Iger. I’ll be watching for any substantial pullback to get back in.
I added to BA as the stock started to show signs of life, rallying after strikes were resolved. However, recent crashes involving Boeing aircraft have tempered the rally somewhat. I’ll be looking for the stock to bounce off supports before adding more.
I’m also adding some NVDA as the stock pulled back and seems to be in consolidation mode. I’ll continue to add bit by bit as it hits supports, and maybe add on more heavily if it breaks out of resistance.
Read my investment thesis on TSLA here.
How did your portfolio perform in December 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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