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

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