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Portfolio Update January 2024 – Markets Rally But Portfolio Left Behind
By Finance Gnome  •  February 12, 2024
Markets continued to rally in Jan 2024, but our portfolios were left behind. Tesla was the huge drag on performance, followed by Apple. The rest of Big Tech is still running away, especially those with exposure to artificial intelligence and semiconductors. With long-term performance insights from Portseido (a portfolio tracking tool), I might need to consider accelerating the portfolio transition to more indexing. Market Update – Stocks, S-REITs, Bonds Stocks continued their run up in the first month of 2024, as the Fed seems closer and closer to a rate cut. The Magnificent 7 continued their march higher, except for Tesla being left out. S-REITs have been on a downtrend after peaking end 2023 after a strong Q4, despite expectations for a rate cut. The iEdge S-REITs Leaders Index fell ~5% to around the 1,100 level. On the fixed income front, SSB yields have risen slightly to 2.88% average 10Y yield for the Mar 2024 issue, up fro 2.81% for Feb 2024 issue. T-bill yields have fallen...
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By Finance Gnome
Hi, I’m Calvin! I’m a lucky husband and father of two wonderful kids. I work as an aerospace engineer at my 9 to 5. I’ve been investing since 2011, but my investing journey started off pretty terribly. Many of the stocks I bought lost me loads of money, call it tuition fees. Thankfully most of the time, I managed to bail out before losing everything.
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