Big Tech pushed the market higher in June, and our portfolios benefitted. Even Tesla (TSLA) and Palantir (PLTR) joined in the party this time. Needless to say, portfolio returns were pretty spectacular. As equities rallied, crypto pulled back, REITs are still languishing, and yield on cash remains pretty attractive.
Investment cash holdings are still high but with yields on cash and bonds still relatively high, I’m not in a rush to deploy. Markets pushing all-time highs also makes it less attractive to put money to work in the stock market. Typically, I’d rather wait for a pullback to deploy excess cash. DCA will continue though.
So far I’ve been putting cash to earn some yield in a combination of Mari Invest, Syfe Cash+, StashAway Simple Guaranteed, and SSB. Last month, I also redeemed $10k in SSB which was used to rollover lower yielding SSB the prior month. Currently, my lowest yielding SSB is 3.26% so I’m unlikely to subscribe to any future SSB below that yield, unless to extend the SSB term. T-bills still hovering around 3.7% which is still pretty attractive IMO.
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 July 2024 | Value SGD | June performance |
| Family Retirement Portfolio (excl Syfe & crypto) | $270K | +4.2% |
| Personal Trading Portfolio | $68K | +12.4% |
| S&P 500 | +4.1% | |
| NASDAQ | +6.6% |
Family Retirement Portfolio (FRP)
FRP was basically flat vs S&P 500, which is not too shabby considering how fast the Mag 7 has been rallying. Nvidia (NVDA) has slowed down in June, but Tesla (TSLA) and Palantir (PLTR) bulls took over the reins.
For the usual RSP into ETFs on FSMOne, I switched VT with VWRA, due to VWRA being a more tax efficient option. I didn’t sell any of the existing VT shares, but henceforth the RSP will be adding VWRA instead.
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.
No other notable trades in this portfolio. The only other notable event was the Nvidia 10:1 stock split on 11 June 2024.
In terms of cash allocation, this portfolio is currently sitting at 21% cash due to the injection of cash in May, . Target cash allocation remains at 18% due to markets still trading close to all-time highs.
Syfe managed portfolios is currently valued at $24.2k (as at 11 July 2024), up slightly from S$23.7k in June, 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 outperformed NASDAQ substantially in June, largely due to huge rallies in both Tesla (TSLA) and Palantir (PLTR), up +18% and +19% respectively for the month.
For Tesla, delivery numbers were better than expected, fuelling optimism for good earnings report come 23 July 2024. However, latest bump in the road are rumours that Tesla might be delaying their robotaxi reveal, originally scheduled for 8 August, to October.
Not much activity in June, only 2 small buys of TSLA stock.
Read my investment thesis on TSLA here.
How did your portfolio perform in June 2024?
Follow me on Facebook, Telegram, Twitter and Youtube.
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.
Download my FREE Ebook: How to Start Investing in Stocks for Beginners
For more investing tips, visit my Guide page.
- Standard Chartered Online Trading: Referral link
- FSMOne: Referral code P0267058
- Tiger Brokers: Referral link | Review
- Futu SG (moomoo app): Referral link | Review
- Webull: Referral link
- Syfe Wealth & Syfe Trade: Referral code FINANCEGNOME | Referral link | Review
- Endowus: Referral code J5HPB | Referral link
- CoinHako: Referral link
- Crypto.com: Referral link
- Portseido: Referral link
For more investing resources, see my Referrals page.
Disclosure: This post may contain affiliate links and I may get a commission when you click on the links or open an account through the links, at no additional cost to you. I only recommend products or services that I have personally tried and have found useful.