Portfolio Update Q2 2026
This month marks the end of the 2nd quarter of 2026. Thus it's definitely a good time for me to record the performance of my portfolio to track how it has been.
To recap, I started my SG Dividends Portfolio in late 2017, and I began tracking the dividends and all reinvestment done starting 2018. To date, my SG Dividends Portfolio consist of banks, REITs and defense technology. On the other hand, I only started the US Growth Portfolio in late December 2021, but I have since liquidated my entire US Growth Portfolio in September 2025 to pay off my Malaysia mortgage loan. In March 2026, I started the MY Dividends Portfolio, which currently consist of only banks and consumers. The purpose of this is to complement my SG Dividends Portfolio, and hopefully generate dividends in MYR to hedge against forex risks when I FIRE.
Being a relatively conservative investor, I prefer to dollar cost average (DCA) into the market to slowly build up my portfolio. This month is marked by many events which heightened the volatility of the markets. Firstly it was the CPI numbers which exceeded expectations. This heightened the fear of interest rate hike in 2026 instead of the expected easing. This added downward pressure on REITs, but brought price of banks to a new high. On the other end is the easing of US-Iran war. The confusing and conflicting news released by US and Iran respectively were wearing out the markets, till the final news released by Pakistan regarding signing of the agreement from both sides confirmed the ceasefire and propelled by stock markets to all time highs. At the same time, price of oil plunged and seems like upcoming inflation numbers may be tamed and future probability of rate hikes may fall.
For my SG Dividend Portfolio, performance of REITs are showing signs of disparity, with CapitaLand Integrated Commercial Trust (CICT) and Aims Apac REIT (AAR) showing much better performances than the Mapletree family of REITs. On a happier note, despite the fluctuations in portfolio value, dividends collected in the second quarter has been remarkable, at SGD 14,074.75 from quarterly dividends from Mapletree Family REITs, Development Bank of Singapore (DBS) and Singapore Technologies Engineering (STE), AAR, Riverstone (RVS) and CFA ETF, and semi-annual dividends from Oversea-Chinese Banking Corporation (OCBC), Hong Leong Finance (HLF), United Overseas Bank (UOB), Frasers Logistics and Commercial Trust (FLCT), ComfortDelgro (CDG) and UPD ETF. This amount is about 16.1% higher than the amount of dividends collected in the second quarter of 2025, due to new contributions from added shares, and advance distribution from CICT. Combining with the dividends collected in the 1st quarter, the total amount is more than SGD 19K, or 54.4% of the total annual dividends I hope to receive for 2026. Hopefully the diversification will help to make my future dividends more stable and predictable, especially as I sail through the first phase of my Barista FIRE path this year, and hopefully to the second phase next year.
For this month, the total SG portfolio market value hit a new high of approximately SGD 779K this quarter, which is a slight increase of about 1.5%. Total MY portfolio market value declined slightly to about MYR 31.7K, which is a slight decrease of about 1.4%. Total overall portfolio is currently at an all time high, despite the crash in gold and silver prices. Moving forward, I may not be able to inject new capital into my portfolio, but I will reinvest part of the dividends to continue to compound my dividends further. Regardless, I am looking forward to the upcoming quarterly reporting, to continue to collect the dividends from my portfolio in the third quarter of 2026. Hopefully my annual dividend target for 2026 can be achieved. Barista FIRE, here I come...!
SG Dividends Portfolio
MY Dividends Portfolio
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