Here is the update for my Daedalus portfolio for October 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 $1.434 million at the end of September and is currently at $1.463 million at the end of October.
We reported a portfolio change of $29,000 for October 2024.
As of 3rd November 2024, the portfolio is valued at $1.456 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. The performance would have been a little higher if I listed the Dimensional funds in USD.
October is traditionally one of the more negative months of the year, and true enough, most major indices were down. Yields on longer maturity bonds climbed as the market either priced in stronger growth or the fact that demand for US fixed income will be reduced and supply to increase because both US Presidential candidates have no intention to reduce the burgeoning US deficits incrementally or significantly. This adversely affects the Global Aggregate Bond UCITS ETF.
The portfolio gains 2.7% due to the weakening SGD against the USD.
Role of Portfolio
The goal of the portfolio is to provide