February 2023: Slow and steady returns

 

Slow and steady performance in February 2023. While top traders may be getting double and triple digit returns, I am happy if my portfolio can beat Vanguard World by a few percentage points. After all, annualised 8% over 10 years means my portfolio value will double.

Dividends Collected: January 2023

 

Not much at the start of the year. Some local counters that paid in Jan 2022 seem to shifted their dividend schedule.

3 Feb - almost recovered from 2022 losses

 

Even though the SGD has strengthened considerably against the US$, my IB portfolio appears to have almost recovered its 2022 losses.  Having said that, I note that in 2022, my portfolio was green in Jan-Feb only to crash in March 2022. The same could happen this year though I am optimistic that it won't. Revenues of most companies should actually increase at least on a nominal basis due to inflation so hopefully that should provide some support.

Of course, companies that in debt and are not making money and find their costs increasing due to inflation may not fare that well.