Here is an update of my investment portfolios for July 2024.
My SGX Income Portfolio value increases to $373k from $359k mainly due the rebound of local S-Reits' prices underpinned by higher possibility of interest rate cuts by year end.
My US/HK Growth Portfolio value inches up to US$19k from US$18.6k.
My SRS Ultra Long-Term Portfolio value rises to $173k from $168k.
The US stock markets have challenged new highs before a recent healthy correction, amidst uncertainties over interest rates, ongoing wars and fears of economic recession. US 10-year and 30-year government yields have declined and the Federal Reserve is expected to hold interest rates high with a looming possibility of rate cut soon.
Despite being clouded by uncertainties, immense noises and fears, it is crucial that long-term investors like us always remain calm, unwavered and focused on our investment objectives. Stick to our own plan and continue deploying our financial resources into high quality income-producing instruments such as government-backed...