The first quarter of 2024 proved to be a rewarding experience in my stock investment journey. Here's a breakdown of my portfolio's performance:
Singapore Stocks:
OCBC Bank (SG: 039): This local banking giant delivered an impressive 11% gain, solidifying my long-term investment thesis. Singapore banks are known for their strong dividends, and OCBC is no exception.
ST Engineering (SG: 63): While ST Engineering saw a more modest 4% gain, the company's role in various sectors and potential for future growth make it a valuable holding.
US Stocks:
Iron Mountain (NYSE: IRM): This data storage and information management company surprised me with a phenomenal 34% increase. This strong performance reinforces my belief in the growing importance of data security and management.
TSMC (NYSE: TSM): The global leader in semiconductor manufacturing, TSMC, delivered a stellar 40% gain, reflecting the continued demand for chips and the company's dominant market position.
McDonald's (NYSE: MCD): My investment in McDonald's, utilizing a Dollar-Cost Averaging (DCA) strategy, saw a 2% gain. This approach aims to smooth out market volatility, and McDonald's, with its consistent brand and dividend payouts, aligns well with long-term goals.
Bank of America (NYSE: BAC): The anticipated easing of interest rates by the Fed positively impacted Bank of America, resulting in a 21% gain. I'm closely monitoring the Fed's decisions and believe the potential easing could continue to fuel market growth.
Looking Forward:
The strong performance in Q1 reinforces my bullish outlook on the market. I plan to continue using the DCA strategy, particularly with Singaporean stocks to benefit from their attractive dividend yields. Overall, this quarter has been a successful start, and I'm excited to see what the rest of the year holds! Sucess88
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- koolgal·03-29TOPCongratulations on your Success in Q124. 🎊🎊🎊🍾🍾🍾1Report
- Success88·03-28TOP@koolgal @SR050321 @SPOT_ON @Fenger1188 @HelenJanet @SirBahamut @MHh @LMSunshine share to my good friend1Report
- frosti·04-11TOPWah, that's quite an impressive portfolio you got there, my friend!LikeReport
- gleezy·04-11TOP👍 Can't wait to see what else you got in store for the rest of the year!LikeReport
- Aqa·04-11Congrats, .Gained 6 Tiger coins!👏🏻👏🏻1Report
- JeromeErnest·04-11Keep up the good work!LikeReport
- YueShan·04-12Good⭐️⭐️⭐️1Report