August 2023 Portfolio Updates
Portfolio allocation as of August ’23.
- SG Shares: CDG, DBS, Haw Par, SGX, Valuetronics
- SG Reits: Syfe Reit+, DigiCore Reit
- US Growth: BABA, INMD, PYPL, SHOP, TDOC, UPST
- US ETFs: SCHD, QUAL
August was a decent month for adding to my existing positions. I bought more of 2800HK amid the China real estate fears, and added to my Syfe Reit+ portfolio multiple times.
In my previous posts, I have shared about having an asset allocation target of 50% Singapore, 30% rest of world and 20% China. Recent events have led me to rethink this allocation, thus I have made the following adjustments to my allocation targets.
| Previous Target | New Target | |
| STI ETF | 10% | 20% |
| SG Stocks | 20% | 15% |
| S-Reits | 20% | 15% |
| HSI ETF | 20% | 15% |
| Global ETF | 30% | 35% |
Reasons for the change:
- I want the portfolio to be even more passive, hence actively managed SG Stocks will be reduced to 15%
- Having a higher weightage towards global stocks (35%) versus China exposure via HSI (15%) to reduce single country
