Portfolio allocation as of July '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
Markets have been on a frenzy and hence there's little portfolio activity to report for July. Again, the only purchase was my regular DCA for Syfe Reit+.
Just for fun, this is the first time that I've calculated the month-on-month increase in portfolio value. Portfolio at the end of July was +6.9% higher than portfolio at the end of June,
excluding inflows during this month. Interestingly, the increase in portfolio value is equivalent to more than 1 month of my salary! I think this reinforces my point about capital vs labour that I've written about before - in the long run, returns on capital likely trumps returns on labour, which is why I've been aggressively deploying my earned income into investments....
