Investment Portfolios Updates (31 Dec 2025) - Net Investment of S$930K and Projected Annualised Passive Income of S$49K.

Wishing all a Happy New Year and good health always! I guess it is not too bad that my net investment increased slightly to S$930K despite the decline in the Hong Kong Stock Exchange over the last 2 months. I am gearing up to hopefully cross the S$1Mil net investment mark by the end of 2026. This will be my 2026 new year resolution. Gross investments have so far crossed the S$1.2Mil milestone and I will be gradually paying down my margin loan using the passive income generated from the Margin Portfolio. 

1. Portfolio 1- Stocks Held in SGX Central Depository 

Not much changes to update here except that there is an upcoming rights issue for Keppel REIT. I may subscribe to a few units to try to round-up the units on hand to the nearest hundred for ease of future sales. I do not like the current rights issue which is very anti-loyal shareholders/unit-holders. There are enough write-up on this rights exercise by various finance influencers regarding Keppel REIT so I will not dwell on it-personally, I can only say that the management of Keppel REIT ought to be shot.  

2. Portfolio 2- Margin Purchased Securities
(Note: My margin purchased securities has grown to a sufficient scale to sustain itself and can pay off annual financing charges as well as to gradually pay down the margin loan through the dividends generated.) 

I think I need to stop buying HKEX stocks like JD here. The undervaluation in the China/HK market is too tempting and simply too hard to resist. Saying that, as aforesaid mentioned in the beginning highlights, I hope that I will have the discipline to just let the dividends pay down the debt so as to guard against potential spike in financing cost in the event that inflation went out of control again. I have no doubt that mass money printing by the US Fed is on the table again. 

3. Portfolio 3 (with Tiger Brokers and MooMoo) 

(Venture into higher risk as well as capital growth stocks here)

I have sold off my US stock of United Healthcare Group after realising a small profit. I managed to get 300 shares of BYD at around the HK$94 per share price during the recent correction in HKEX. The price of BYD rebounded around 5% after BYD released a major software updates (God's Eye) to its vehicles which boost the appeal of BYD-made EV cars. After Christmas, the price of BYD went up and I thus decided adding on and instead went into accumulation of Link REIT which has dropped from HKD40 per unit to approximately HKD35 per unit. 

4. Portfolio 4 (Endowus Unit Trusts & Other Investments)

I have injected an additional S$10K-split equally among bonds and equities- into unit trusts in late December 2025. The pricing in this portfolio is at cost and does not reflect the upsides of around S$5K capital appreciation of the various funds. 

The surprise here is that the precious metal fund suddenly shot up by 20% within 2 months.

I currently have no time to do any market price true-up adjustment as Stock-Cafe does not have an auto-update feature covering unit-trusts- so it is simply too tedious to do manual update on all the individual funds. Will just leave it given that most of the funds I am holding onto are fixed income nature. 

Parting Thoughts

I will be adding a new portfolio 5 for Crypto investment if the amount starts to become material and go past S$5K. Currently, I am holding on to a tiny stake in Bitcoins when they drop below US$90K. Ok, that's all for today. Bye Folks and have a great weekend ahead! :)