I scanned through all my portfolio.
It is as follows
UOB unit Trust east spring investment worth 5,905 down from 10,300 which is a lost
Which unit trust? Eastspring Investments manages several.
2) SC
35,309 into
STI - 5000 units
Sheng Siong - 3000 units
IMHO you shouldn't be holding any individual stocks.
IMHO you shouldn't overweight any sector.
3) POSB
37,598 into STI 7,560 units
4) SRS - 31,227
3,201 into STI ETF worth 15,927 SGD
15,300 SGD new investment intending to buy ISAC
To my knowledge you cannot invest in ISAC using SRS dollars. However, you can invest in A12S via POEMS using SRS dollars. However (again), for tax optimization reasons your SRS account should hold your lowest expected yielding assets within your total investment portfolio.
5) Moo - 168,000 into various reits , business trust and SDR. Very little banks
IMHO you shouldn't invest in individual stocks or overweight any sector.
6) iFast - 7,156 into First Sientier bridge A
First Sentier Bridge A is a horribly expensive unit trust (1.43% expense ratio). IMHO it's garbage for that reason alone.
7) IKBR - 17,141 USD in CSPX - I think around 23 units.
Unless you plan to retire in the United States or in a U.S. dollarized country (and perhaps not even then), CSPX is not for you.
So approximately im at 291,321 total
What should I do next ?
Reorient, simplify, and reduce costs.
My plan is
Continue to increase my portfolio in Moo and pump in for income generating stocks...
I have no opinion on whether Moomoo is a good broker for you, but "income generating stocks" don't make any sense IMHO. I don't think you should filter stocks based on
how they might deliver returns to shareholders. Let good managers figure that out. If they decide share buybacks, acquisitions, and business growth investments (which tend to generate capital gains) are better than cash dividends, or vice versa, that's fine.
I had yet to balance my reits with bank stock...
IMHO you should not invest in any individual stocks and should not overweight any sectors.
The only possible exception I can think of is if you work for an employer that has an Employee Stock Purchase Program (ESPP) with a share price discount and there's a requirement or incentive to hold some number of ESPP shares for a minimum period of time — for example, to avoid selling shares you acquired less than 2 years ago if you want to continue participating in the ESPP.
I took your advice and get AI for help
It said that I'm quite exposed to Singapore market and wanted me to diversify.
Score one point for AI on this occasion.
Also I might not need bank stock as mostly of my STI are local banks.
Score another point.
Sell off Ifast and UOB and switch them to Moo and IKBR.
That feedback seems like you asked a leading question. Maybe it's correct, but broker decisions fundamentally come after you figure out what your investment posture should be.
Focus on getting my CSPX / ISAC to 50 percent of my portfolio before considering to add more to my income portfolio.
That sort of makes sense, but AI should have told you to avoid CSPX — to avoid overweighting any stock market(s) except perhaps the one in the country where you plan to retire, and then only modestly.
if u retiring in sg and sti gives good yield, then it is good. local bank stocks also good for div. sti doesnt give as much div.
Don't worry about dividends as such. (See above.) Total long-term net shareholder returns matter. History is replete with worthless stocks that paid "generous" dividends until they didn't. Amazon, Meta, Berkshire Hathaway, and many other outstanding performing stocks have never paid even one penny of dividends.
why did u buy the uob and ifast ut?
(not vested in sti, local banks, east spring ut, first sientier ut)
I can probably answer that: because Soomp! has never had any investment
strategy except to buy whatever "seemed" attractive at a moment in time. Decide on a sensible investment strategy with a sensible portfolio allocation first, then execute it in a low cost way with consistency.
