Dear Investors,
I am happy to report that the fund has returned to keep pace with our benchmark the S&P500 index, despite it being structured to be a more resilient portfolio.
There were minimal changes to the fund as Zoom was sold due to its low growth profile, and in its place is a new holding in Okta. Okta is a Saas business in the user authentication space, which is quickly turning profitable due to economies of scale.
Like Zoom, it is competing in a space where its competitors like Microsoft, are giving out the same service for free. However, unlike Zoom, its customers cannot depend on just Microsoft unless they subscribe to Microsoft’s entire ecosystem. Hence, Okta value proposition is that it enables enterprise users to have a single login with multiple applications
Doubling Down on Paypal
The fund added even more PayPal stocks during the month. This is despite the ultra-competitive environment in the payment space. I truly believe the transformation of PayPal is well underway under its new CEO Alex Chriss.
No longer is PayPal an old juggernaut that is difficult to pivot as it gears up with new offerings, giving its competitors like Stripe and Adyen a run for their money. Given their vast user base of PayPal it can easily act like what Apple does to delight their customers with new and convenient services.
If your fund manager is correct PayPal together with Google and Uber will form the tip of the spear driving performance of the fund for many years to come.
MyNest US Fund Portfolio Compositions
MyNest US Fund Performance
Mynest US Fund outperformed the S&P 500 again with a year-to-date gain of 11.7%. This result was acheived by the strong performance of both Google and Uber with their increasingly stellar earnings performance.
Segment Chart
The fund segment remains diversified but yet able to generate outperformance. With cash coming down to the 10% level, I will be reopening fundraising activities for family members who wish to participate in our compounding journey. Do read the terms & conditions carefully before putting up your hard earn cash.
-
The SRS Fund Jan 2026
After a blockbuster 2025 that saw GDP growth hit a surprise 4.8%, the first month of 2026 has proven that the momentum is far from a fluke. Between record-breaking stock market performance and massive industrial investments, the “Little Red Dot” is making a very big noise.
-
MyNest US Fund Jan 26
I have a confession to make. After reading Chip War at the end of 2022, I fully grasped the strategic importance of TSMC and ASML in the global semiconductor supply chain.
-
The SRS Fund Dec 2025
If someone had told me at the start of the year that the Singapore stock market would deliver returns in excess of 20%, I would have shrugged it off as wishful thinking.
-
MyNest US Fund Dec 25
MyNest US Fund rounded the first year of inception with a slight outperformance to our benchmark the S&P 500. The first year of operation tested to resolve in knowing what we own as we navigated volatility which started on Trump’s Liberation Day.
-
The SRS Fund Nov 2025
If you’ve been watching the Singapore market this past month, the narrative has been impossible to ignore: it is a tale of three banks, and unfortunately for UOB, it has found itself lagging its peers.
-
MyNest US Fund Nov 25
November tested the patience of the broader market, defined by a distinct shift in sentiment regarding Artificial Intelligence. The narrative of an “AI Bubble” finally took hold,
MYNEST.SG 