Oct 2022 SG Portfolio Performance: +2.09% year-to-date, +126.55% overall.

STI slid further this month as inflation fear persisted, falling 2.17% for the month. For a few days, it went below the psychological level of 3000, a price not seen since last year's March. With the rising interest rates, many folks are flocking to buy Singapore government securities such as Singapore Saving Bonds and T-Bills as the returns from stocks become less attractive. 

Despite the weak market, my SG portfolio managed to stay afloat this month with a slight gain of +0.34%. The small gain is due to the fact that the portfolio is highly in cash. In fact, some of the cash ended up in short term T-Bills to help boost returns (though I didn't account for it in the portfolio return). Portfolio year-to-date return stayed positive at +2.09% slightly beating SGX:ES3 benchmark. Overall return also rose slightly to +126.55% while ES3 fell to +33.42%. 

Below is the chart showing the SG portfolio's monthly return since inception.

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On the US side, both SPY and my US portfolio rebounded strongly this month. My portfolio rose +6.91% while SPY soared +8.91%, gaining back the losses from the previous month. The portfolio is still heavily in cash, averaging around 75% of the total capital. Year-to-date return turned slightly green at +0.15% while SPY is still in the red at -17.16%. Portfolio total return rose to +117.88% still beating SPY which is currently sitting at +108.23%. 

Below is the chart showing the US portfolio's monthly return since inception.

Singapore's inflation continues to rise with last month's headline inflation at 7.5% which will continue to put pressure on stock prices. The message remains the same, keep cash (or buy T-Bill), or get trashed.

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