Trading Expenses
A quick peek into trading expenses — it has hit slightly more than $3K, which marks the half-year point. Some people may find it excessive. Some traders probably think it’s not that much. Personally, unless it is way out of line, it’s just part of managing my portfolio business. A business.
In the early part of the year, I made some major shifts or continued efforts from last year. I sold down Ascendas REIT, which had been a core part of my portfolio, and switched most of it into banks.
In April, the portfolio underwent another large rebalancing — raising more cash from REITs to buy more banks and Keppel. I then ring-fenced most of the REITs into FCT and MIT as a defensive play. These actions basically accounted for half of the expenses.
The other half mainly went into exploring the US markets, which currently make up only 13% of the portfolio. I experimented with Vanguard ETFs, US Treasuries ETFs, ASML, and TSMC before settling on a US Big Tech peanut butter strategy. My latest silly move was to trade some NVDA, META, and MSFT — only to regret it and buy them back. This kind of approach doesn’t work well in the US market during the build-up phase. Another factor was using a non-custodian account, which probably cost me $500 or more.
What does the second half look like?
Most likely, there won’t be much increase in the US market allocation since the strategy has been finalized. As for the SGX side, it’s still uncertain — but any impact will be less of a concern since it will be done under a custodian account.
That’s all for today’s sharing.
Cory Diary
2025-06-28
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Disclaimer:
The articles presented in this blog reflect personal opinions and are intended for informational and sharing purposes only. Not responsible for any errors. Readers are advised to seek professional guidance when making financial decisions and should take full responsibility for their choices.
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