July – Rate Cut, Sector Rotation, US Election.
US market had a bumpy ride. S&P500 printed all time high mid of July but closed the month with +0.9%.
Crypto still do its usual thing – swinging wildly. My crypto is +2.61% for the month 🧨. I added some position in US & SG. My US portfolio is +0.69% for the month underperformed broader US market.
My KLSE had a decent run (+1.31%) & AU (-1.36%) downtrend continued into July. Rumours about rate cut propelled my REIT heavy SG into the positive zone (+5.16%),
The portfolio returned to the black. Overall gain increased by ~MYR 22,345.22 for July 2024.
The unrealised gain hovered between ~MYR600,000 to ~MYR670,000.
Total assets are ~MYR 5.261m & total liabilities are ~MYR 1.273m.
Current net worth stands at MYR 3.988m vs MYR 3.884m a month prior.
Total income for July 2024 increased by MYR 52,021.01 due to a side project & realised profit.
Expenses for July 2024 increased by 29% compare to June 2024 due to scheduled bills.
Cashflow is positive for July 2024 as I continue adding to my investment position.
Total dividend collected YTD is MYR84,548.27. A few S-REITs declared income distribution (payout on Aug) & KLSE is well into its earning season (Aug) where I expect more dividends to be declared.
YTD income is MYR745,872.23 and I am MYR254,127.77 from of a million. 5 more months to go.
Oh I added a visual for my mortgage tracking progress.
How was your July?
Be consistent, be free.
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