Updated: Jul 3, 2020
As part of my weekly update, I will be sharing changes to my portfolio. This portfolio is basically all my current investments and I will be using this to keep track of how much my money has grown. I currently have approximately SGD $40k invested across my 16+ Singapore and US based holdings.
For some context, I started investing in September 2019, so the $40k has been put in over a period of less than a year. In my subsequent posts I will go through what are the areas where I invested first. Obviously starting off as a novice, I went in not knowing anything about investing which is why the strategy in this portfolio might not be a very clear one. My aim for 2020 is to find 1 strategy and stick to it. But at the end of the day the idea is to make as much money as possible in a passive manner.
P/L breakdown by investments
So, before I do a deep dive into the assets that I own and why I bought them, this is what I usually look at to monitor my weekly gains. As of writing, my total portfolio value has increased by $3k since I started investing, with majority of the profits coming from Stashaway (which is the roboadvisor I use). This was my first investment activity, hence the profit here is significantly higher. When my Stashaway portfolio started growing, was when I became more excited about investing and started exploring other investment instruments.
In terms of industries, I am trying to keep my money diversified across multiple sectors. The reason for this is that I do not yet have a specific industry that I would like to target. Since one of my goals is to maximise my dividends, I am considering increasing my investments in REITs and high dividend stocks significantly.
I am also currently getting monthly dividend of about $30 a month which is very exciting as a first-time dividend receiver. Ideally, I would want to reinvest the dividend back into the same stock as where it came from. However, the brokers I use do not offer an auto invest scheme which is why I need to actively buy new stocks whenever I receive my dividends. This raises an obvious issue of higher transaction costs. I am still figuring out a more efficient way of reinvesting my dividends back into the same stocks.
Finally, I love checking in on my portfolio every day and see how it has done. 2019 has been a great year with the market always moving generally in an upwards direction. I did lose a lot of value in Late Jan / early Feb this year due to the news of the C-19, but the US markets have pulled me back up again in the last few days.
So this was my portfolio. I will be doing an update every week on the movements. I will also be developing my strategy for 2020 and for specific stocks that I am holding. Along the way I will be going back and looking at when I bought my original stocks and hope that motivates others into starting their own portfolio soon.
Please leave a comment below if you have any questions regarding the post.
Disclaimer: This post should not be interpreted as investment advice as I am not a professional financial consultant. The objective of this blog is to share my experiences with others and receive feedback. I will provide links to my information sources to the best of my abilities, but the reader is responsible for their own due dilligence