My Q1 24 Portfolio Review - The Best Performing Stocks/ETFs

🌟🌟🌟The S&P 500 Index gained 10% in Q1 24, its best start to the Year since 2019, hitting 22 record closing highs.  The rally was broad based with 10 out of 11 sectors rising and more than half of the Index's stocks reaching new highs.  Similarly my portfolio has also risen with the markets.

My US portfolio has performed rather well  in comparison to my Singapore portfolio.  The best performing ETF is $Energy Select Sector SPDR Fund(XLE)$ which is up 63%.  This is due to the geopolitical conflicts in the Middle East and Ukraine.  The latest hot spot is the Iran Israeli tensions.   Oil prices have climbed in recent weeks.  Brent Crude oil has risen more than 20% since December.  XLE ETF is also my hedge against high inflation. 

My US plain vanilla ETFs have also outperformed in Q1 24.  Of notable interest is $SPDR Portfolio S&P 1500 Composite Stock Market ETF(SPTM)$ which is up 21%.  SPTM tracks the entire spectrum of S&P stocks  from large cap, mid cap to small cap, representing 90% of the tradeable stocks in the US.  

Another excellent performer is $SPDR Portfolio S&P 500 Value ETF(SPYV)$ which is also up 21%.  SPYV  invests in the S&P500 stocks with a focus on value stocks.  These include Warren Buffett's Berkshire Hathaway, $JPMorgan Chase(JPM)$  Exxon Mobil, Johnson & Johnson, Walmart and many others. 

My best performing US stock is $Alphabet(GOOGL)$  which is up 35%. This is due to the big rally on AI Stocks.  Google is one of the major players in the AI race with its Gemini, its largest  and most capable AI model. 

In my Singapore portfolio, the 3 big local banks are among my best performers with $DBS GROUP HOLDINGS LTD(D05.SI)$  leading the pack at 41%, followed by $UNITED OVERSEAS BANK LIMITED(U11.SI)$  and OCBC at 21%.

My best performing Singapore stock is Propnex which is up 138%.  Propnex is the largest Real Estate agency in Singapore with over 12,000 agents.  In land scarce Singapore, property prices tend to rise in the long term.  Propnex's huge network of agents will continue to  capture this fast growing market in the years to come. 

My plain vanilla Singapore ETF is STI ETF which is up 11%.  This ETF tracks the performance of the Top 30 stocks trading in the Singapore Exchange. 

My goal in investing is to build a resilient portfolio of ETFs and stocks that will generate passive income through dividends and capital growth through the magic of compounding. 

The late Charlie Munger said that the first rule of compounding is to never interrupt it unnecessarily.  He also said that the Big Money is in the Waiting, not in the Buying and Selling. 

That is how I intend to invest - Buy Wonderful Companies at Fair Prices and just like Warren Buffett, my favourite holding period is Forever! 

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