Here is the update for my Daedalus portfolio for September 2024. If work is not too busy, I will try to provide an update where possible.
I explain how I constructed this portfolio in Deconstructing Daedalus Income Portfolio. You might not understand what I wrote below if you haven’t read this post.
All my personal planning notes such as income planning, insurance planning, investment & portfolio construction will be under my personal notes section of this blog. You can also find the past updates in the section.
Portfolio Change Since Last Update
The portfolio was valued at $1.436 million at the end of August and is currently at $1.434 million at the end of September.
We reported a portfolio change of -$2,000 for September 2024.
As of 4th October 2024, the portfolio is valued at $1.444 million.
Here are the primary security holding returns for the month-to-date and year-to-date:
The returns of Dimensional funds are in SGD, with the rest in USD. I have also listed the major index ETF performance for comparison. Had I listed the Dimensional funds in USD, the performance would have been roughly 3% higher YTD.
The big difference between August and September is the much improved performance of the Emerging markets. EIMI returned 5.91% for the month compared to 0.69% in August. Emerging market performance improved from 9.53% to 16.01% year-to-date.
US small cap continued to show volatility, and since this forms a sizable 31% of the portfolio, it will be a drag.
The portfolio lost 1.2% to strengthening the SGD against the USD. Since end of September, the portfolio was helped by the 1.5% weakening of the SGD against the USD.
Role of Portfolio
The goal of the portfolio is to provide consistent, inflation-adjusted income for my essential and basic