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March 2023 Portfolio Update and Thoughts on Inheritance
By Alpaca Investments  •  April 7, 2023
Mar 23 Portfolio Update Portfolio allocation as of Mar '23.
  • SG Shares: CDG, DBS, SGX, Valuetronics
  • SG Reits: Syfe Reit+, Digital Core Reit
  • US Growth: BABA, INMD, PYPL, SHOP, TDOC, UPST
Another relatively quiet month in terms of capital deployment, with the main purchase being Digital Core Reit ("DCRU") at $0.50. It promptly fell to $0.40 within a few days, as one of their major customers was facing refinancing concerns. I think my purchase price had a reasonable margin of safety, as DCRU was trading at around 0.6x P/NAV at that point. Additionally, DCRU is one of the lower geared reits here, which would provide some buffer in the event that cap rates expand and valuations fall. I also added a small amount to my Syfe Reit+ portfolio, which is part of my regular DCA. Taking stock at the end of Q1 '23, my overall portfolio allocation stands at 50% in Singapore, 24% in Hong Kong and 26% in the US and Developed Markets....
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By Alpaca Investments
I'm currently an undergraduate studying accountancy in one of the local universities. My ideal career would be either in private equity or venture capital, as the analytical process involved greatly interests me. I believe in working hard, while concurrently putting our money to work. I currently have a low five-figures portfolio, accumulated from working part-time jobs, my National Service allowance and my savings.
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