The long-awaited drawdown of the US stock market finally arrived. Not since 2022 had the US market seen any significant drawdown of sorts. The Magnificent 7 suddenly did not look so magnificent in the month of March as US technology stocks, especially AI-related ones, finally came down from their elevated valuations.
Paypal and Disney
MyNest US Fund added Paypal and Disney due to put option assignment as sentiment turned sour. While our US Fund will occasionally sell put options, we have every intention of buying the target companies at the strike prices if they are ever assigned.
Brookfield Corporation and AO Smith
With sentiment down, we managed to pick up more of Brookfield Corporation and a newly added position in AO Smith at reasonable prices. AO Smith is a well-managed water-heating solution provider and is a company with an excellent track record of delivering results. I have personally used their product and find them to be of stellar quality.
MyNest US Fund Portfolio Compositions
With the drawdown, such opportunities must not be wasted the fund got more cash investment, and units were sold at $1.00 par. Hence, readers may see a jump in cash holding due to such an injection even after several investments.
MyNest US Fund Performance
With the souring of sentiment, MyNest US Fund turned negative for the year. However, we have put some distance from the S&P 500, which is down 4.5% YTD versus 1% for our fund.
In the long term, I would not worry too much about the volatility as I am confident our portfolio of businesses will stand the test of time and deliver satisfactory results for all investors.
Segment Graph
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The SRS Fund Sep 2026
Sep brought a modest recovery in the SRS Fund, but it also left me thinking more carefully about how much of Singapore’s current economic and market strength is connected to the AI investment cycle.
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MyNest US Fund Sep 26
The month of Sep brought together two developments that matter to our portfolio: Further progress in the field of AI and a sharp increase in long-term interest rates.
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The SRS Fund Aug 2026
Aug’s economic update provided another reminder of how closely Singapore has become connected to the global investment in AI and semiconductors.
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MyNest US Fund Aug 26
The idea behind the “SaaSpocalypse” was simple: if artificial intelligence could write software, generate content and complete business tasks, what would happen to the software companies charging customers to do those things?
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The SRS Fund Jul 2026
For much of 2026, the market’s attention has been firmly fixed on AI, semiconductors and anything connected to the massive build-out in computing infrastructure.
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MyNest US Fund Jul 26
After spending a long period watching the artificial intelligence infrastructure build-out from the sidelines, we finally decided to join the party—albeit cautiously.
