Changing My Mind

Well I really need to walk back on my words with this update. As in my previous post I mention it will not be meaningful to track the SRS Fund on a monthly basis. However this has denied me of creating this great new header pic and the fun of sharing especially when the early Jan market push help lifted many of fellow investors portfolio including mine.

So here we are at the beginning of 2023 with receding risk of persistent high inflation. I have made addition to the portfolio in early Feb by doubling down on YJZ Financials. Also added was more Keppel Corp shares following its perceived bad results.

The SRS Fund Review Jan 2023

Finally the new year had begin with a bang as the rising tide lift all boats. The SRS fund return a decent 5.33% against the STI 3.5%. Lower inflation expectation has lifted REITs valuation in the portfolio while it remains to be seen how these businesses navigate the tricky higher interest rate environment.

While the first month of the year didn’t registered any dividend, the pot this year is expected to fill to record high following China’s reopening and higher interest margins from banks.

The SRS fund value powered to historical high this month with the surge in valuation of most companies. While market is likely to take a breather while digesting earnings, prospect remain bright especially in Asia. I expect Singapore in particular to be a bright spot for the year as tourism, construction, property and finance all are expected to do well in 2023.

Without unforeseen events happening I would expect the SRS fund to grow at least 10% for the year. I hereby wish fellow investors all the best in the year ahead.