Portfolio Allocation Review (August 2021)
Core Stock Allocation
Total Portfolio Allocation
Satellite Portfolio Allocation
Transaction Summary for August 2021
- BOUGHT NIKKOAM STC ASIA REIT ETF (SRS)
- BOUGHT ISHARES USD ASIA HY BOND ETF (SRS)
- BOUGHT AMD
- BOUGHT VANGUARD HEALTH CARE ETF
- BOUGHT MICRON TECHNOLOGY
- BOUGHT TESLA
The China’s economy shake up is still underway as more regulations kick in. Video gaming for below 18 are restricted to 3 hrs per week, banning of ‘Effeminate Men’ in media, Alibaba contributing US$15 billions for ‘common prosperity’, the state looking at seizing control of DiDi Chuxing to name a few. I saw a Youtube suggesting that one of the reasons for the economy shake up could be due to declining birth rate in China and drastic measures are required to prevent an aging population. Most of the measures could somehow be linked to lowering cost of living and having kids. I am continuing to hold my ETF with exposure to China large-cap companies and will not be accumulating.
S&P500 and Nasdaq are still making new highs and the tech stocks I am holding are doing extremely well with average of ~20% gains. I am still accumulating growth stocks for my satellite portfolio with the most recent additions when the market retraces on fears of tapering.
For the local market, I made my SRS contribution early this year and dumped them into ETFs. SRS portfolio are for long term so buying ETF is the most straightforward to me. I am looking at just collecting dividends and do not want to monitor the price. Similar for the core portfolio, I am not monitoring the price anymore and dividends are still coming in as usual. Not doing anything for my core portfolio at the moment as STI is still moving sideways within 3000-3200 points.
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