Portfolio Update for November 2024

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This will be a relatively short post, just to update on the transactions for the month.

For the month of November, it was a down-trending month for my portfolio.  Since the sale of half of the US Growth Portfolio to return the monies back to family,  I have not been doing much with the US Growth Portfolio.  Within my US Growth Portfolio, the pressure is on the performance of Google.  This is especially the case after the Department of Justice has reportedly asked the federal judge to force Google to sell its Chrome browser as part of the landmark antitrust case.  The news caused the share price of Google to plunge by more than 5% in a day.  However, this negative performance is mitigated by the splendid performance of JP Morgan and Palantir, both of which has shot up in value to an all time high.  As such, the overall value of the portfolio has climbed up slightly for the month.

Closer to home, my SG Dividend Portfolio is telling a similar story.  Continuing from second half of September, through October and even in November, Singapore REITs are still suffering under immense downward price pressure, especially as the US 10 year yield is not showing any signs of decline.  With the yield continuing to creep up towards 4.5%, the REITs are falling back towards the lows reached in August 2024.  If it continues with its downward trend, it will test the 52-week lows last reached in July 2024.  Contrary to the REITs were the banks, which has successfully hit new all time highs this month, but has since retreated slightly.  Since I hold shares in both sectors within in my portfolio, with a larger allocation to REITs for now, the decline in the overall portfolio value is manageable.

On a happier note, all the dividends that I am eligible to receive for the remainder of 2024 has been announced and I am happy that I am expecting record dividend collection this year again!  On top of this, CapitaLand Integrated Commercial Trust (CICT) and ParkwayLife REIT (PWLR) will be paying advance distribution in this quarter due to their equity fund raising exercise for their acquisitions.  This meant that the dividends I will be receiving in the final quarter of 2024 will be a massive 45.5% higher compared to the same period last year, and the total dividends I will be receiving for the whole of 2024 will be 21.8% higher compared to the whole of 2023.  If the advance distributions were excluded, the increase in dividends collected will be 12.6% quarter-on-quarter and 16.2% year-on-year respectively.  One thing for me to note is, this advance distribution will also mean that the dividends that I can collect will be lower in the first quarter of 2025, and how that will impact the overall dividends to be collected for the whole of 2025 remains to be seen.  More detailed updates regarding my dividend collection will be posted later in the 4th quarter update.

For this month, I injected only approximately SGD 2.0K capital buying the following shares:

SGX:    ComfortDelgro

US:       Apple

             Google-C

In addition, I have also reinvested dividends on the following shares:

SGX:    ComfortDelgro

             Mapletree Industrial Trust

             Mapletree Logistics Trust

Total Portfolio Value has increased by approximately 1.8% to around SGD 616K including capital injection, very much due to the splendid performance of the Singapore banks and the US Growth Portfolio.  I am glad that my portfolio market value has remained above SGD 600K for 3 consecutive months, however, I am also embracing any possible correction that may arrive in the beginning of 2025 after Trump took office.  For now, I will just sit back, relax, and wait for the dividends to stream into my bank account.

Comments

  1. Blade Knight1 December 2024 at 16:51

    Hi BF, you done well very wor for your portfolios to be able to maintain and even grow it albeit the SREIT price collapse. Good diversification choice previously by you into accumulating more banks.

    ReplyDelete
    Replies
    1. BFIRE1 December 2024 at 20:07

      Hi Blade Knight,
      Thank you thank you. I am also kinda surprise that my portfolio value inched up a little. I am thankful for its positive performance, and I am glad the rebalancing paid off. Moving forward I still hope to rebalance a little more, but I am waiting for the opportunity.
      For now I just slowly continue to reinvest part of my dividends and hope to accumulate higher dividends next year.
      Looking forward to read your blog regarding the total dividends you are getting this year and what you plan to do in 2025! For now, enjoy your gains from Keppel DC REIT!

      Delete

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