Portfolio Returns for Mar 2025

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

Here are the movements for this month. The unstoppable run of the cryptocurrency portfolio since Trump was elected as President has finally come to an end. Even so, it is still the fastest horse in my portfolio. 

                                

Same chart as above but converted to column chart.

For the Robo-Advisors, there is a general decline across all 3 of my robo-advisors. This is because there is increasing talk that the impact of Trump's tariffs will drive the US into a recession.

https://www.reuters.com/markets/us/is-us-heading-recession-2025-03-20/

REITs have recovered a bit but still in negative territory. REITs are down because Trump is re-elected as US President, and his policies are thought to be inflationary. As such, the Fed will likely have to maintain high interest rates for longer period of time, which is bad for REITs. 

Same chat as above but converted to a 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 5.4% but is still too high. 

U.S. Trade Policies and Economic Concerns

President Donald Trump's announcement of reciprocal and sectoral tariffs, effective April 2, has raised concerns about a potential economic slowdown. These measures have led to increased market volatility, with U.S. stock futures falling and oil prices hitting a two-week high. Treasury Secretary Scott Bessent acknowledged the possibility of a recession, reflecting broader economic uncertainties. ​

https://www.reuters.com/markets/wealth/bessent-says-there-are-no-guarantees-there-will-not-be-us-recession-2025-03-16/

Singapore's Economic Outlook

The Monetary Authority of Singapore's (MAS) survey indicates that economists expect Singapore's economy to grow by 2.6% in 2025, aligning with the government's forecast. Despite global challenges, this growth projection remains unchanged from the previous quarter. Additionally, MAS has adjusted its monetary policy stance, introducing measures to support economic stability. 

https://www.reuters.com/markets/asia/economists-see-singapores-2025-growth-26-central-bank-survey-shows-2025-03-19

I have also attached an email from Syfe about the Singapore REITs sector, which I found quite interesting. They sound quite confident of a recovery in REITs this year.