Portfolio Returns for Nov 2024 - Mixed Bag

I felt it would be good to track the returns regularly since they fluctuate occasionally depending on the stock market.

Here are the movements for this month. The anomaly is the cryptocurrency portfolio, which shot up in an almost vertical line to 76.29%. This is just a tad shy of my champion USA fund with returns of 81.7%. Cryptocurrencies shot up because Trump is re-elected as US President, and this spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies. 

                                

Same chart as above but converted to column chart.

For the Robo-Advisors, it did go up again this month. However, Syfe Reit+ crashed below positive again! This is because Trump is re-elected as US President, and his policies are thought to be inflationary. As such, Fed will likely have to maintain high interest rates for longer period of time, which is bad for Reits. 

But if we were to think about it, in Sep 2024 Fed has lowered interest rates by 50 basis points from 5.5% to 5.0%. This caused S-Reit ETF to rise to 90 cents per share. Interest rates have further been cut in Oct 2024 to 4.75%, which means S-Reit ETF should now be > 90 cents per share. Instead, it dropped to 80 cents per share due to expectations of Trump's policies which has not yet materialize. Given this direct correlation between interest rates and S-Reit prices, I believe that as long as Trump's policies does not make the Fed raise interest rates higher than 5.0%, S-Reit prices will return to 90 cents a share sooner or later. On the other hand, even if Fed raise rates back to 5.5%, we have already seen the bottom of S-Reit ETF at 78 cents a share, which is already quite near to current price. Hence, I believe now is a good time to buy S-Reit and hold it long-term for dividends (dividend yield of 5.10%). 

                                

Same chart as above but converted to column chart.

Additionally, I think it will be interesting to see the breakdown of my portfolios in percentages (below). There is a component 'X' which I do not want to disclose for now. The concentration of 'X' is now 10.0% but is still too high. 

                                

Market events over the last month: 

Trump has been re-elected as US President! His policies are thought to be inflationary, which means Fed has to maintain higher interest rates for longer period of time. This depresses Reits and Bonds. 

Meanwhile, war on the 3 fronts are not letting up:

* Ukraine - Russia - escalation on this front, as US approved use of their missiles to strike on Russian territory. In retaliation, Russia changed their nuclear doctrine and launched inter-continental missiles (capable of carrying nuclear warheads) into Ukraine for the first time

* Israel - Gaza

* Israel - Lebanon

Hope the situation can get better soon. 

Because of the 3 wars, Gold prices have been having a good run. 

Meanwhile, SP500 has already hit 6,000 as predicted by analysts. There should be a correction soon, so brace yourselves. 

Onwards!