Equity Portfolio Cost: S$596, 851 Equity Portfolio Market Value: S$767, 106 Equity Portfolio Unrealised Profit: +S$170, 255 (+28.5%) Portfolio XIRR (FY2023): +11.3% (inclusive of dividends) Dividends Collected (FY2023): S$40, 139 (+15.6% yoy) Total Cumulative Dividends (2010 - 2023): S$281, 645 Current Cash & Cash Equivalents (SSB/T-bills): S$37, 000 (*All figures are accurate as of 29 December 2023) Portfolio Actions in Q4 2023:

• Accumulated more Sheng Siong at S$1.54 and S$1.56
• Accumulated more DBS at S$31.80 and S$32.60

2023 - Weathering The High Inflation Narrative There is a saying that a bull market climbs a wall of worries. Despite various market worries, the 'Magnificent 7' US tech names kept trudging higher. Throughout a large part of 2023, the US tech positions I held (Microsoft, AMD, Nvidia & Alphabet) ran up alot on the AI hype while my S-REIT positions continued trending down month after month. Since the tech positions form an insignificant 2% of my overall portfolio, my itchy fingers decided to take profits and rotate the funds into accumulating more blue-chip REITs....