Looking back on the last six months of 2023, I must admit my blog took a back seat amid the hustle of work commitments and a demanding training course. Now, it’s time to pause and assess my investment journey.
In the latter part of 2023, I dived into some serious research on potential companies, supercharging my dividend investment portfolio. I grabbed shares in Hong Leong Finance, New Toyo, and Multichem. Plus, I strategically beefed up my positions in reliable dividend-paying stocks like SBS Transit, Keppel DC, and Parkway Health REIT. It’s all part of my commitment to growing income and sustainable portfolio growth.
Of course, not every move was a winner. I stumbled with ARKK on the Kristal.ai platform—a mere 1% of my portfolio but a lesson in the pitfalls of investing based on hype. The allure of trends and sensational market buzz led me astray. Facing a loss of $2.5k on the ARKK investment, I made the decision to cut my losses and redirect the funds towards more promising investments. While acknowledging the setback, I view this as a strategic move to minimize losses and optimize my portfolio for better opportunities.
A significant development in my investment landscape was the closure of MoneyOwl, a once stellar low-fee robo-advisory platform. The closure marked the end of an era, and the absence of such a reliable service was truly disheartening. In response, I redirected the funds previously invested in MoneyOwl—amounting to $19,000—towards Singapore Savings Bonds. Despite the circumstances, this move presents a silver lining as Singapore Savings Bonds offer a respectable average yearly return of 3.4% over a 10-year tenure.
With the reallocation of funds from the closure of MoneyOwl, my total bond investment now stands at approximately $40,000. This strategic adjustment not only addresses the challenges posed by the closure but also reinforces a diversified investment portfolio. The increased exposure to bonds provides a stable foundation, balancing the overall risk profile and contributing to a more resilient and well-rounded investment strategy. Good luck to me!
Looking ahead, my investment strategy is set to pivot towards a stronger focus on my dividend portfolio, with a measured pullback on growth stocks. The decision is rooted in a deliberate effort to prioritize stable income streams and long-term sustainability. While growth stocks have their allure, I believe that recalibrating my portfolio to emphasize dividends will provide a more resilient foundation, aligning with my financial goals and risk tolerance. Here’s to a strategic shift in myinvestment journey!