To The Moon

How's Your P&L Looking YTD? A Look at a Diversified Portfolio's Strong Performance

As July draws to a close, many investors are taking stock of their portfolios. So, how's your Profit & Loss (P&L) looking this month? For me as a junior investor, it's been a stellar period, with a P&L currently sitting at a healthy 13% YTD. This impressive gain is largely attributed to strong contributions from local champions ST Engineering and OCBC, alongside the consistent performance of a consumer staple and strategic investments in cutting-edge technology.$ST Engineering(S63.SI)$ $ocbc bank(O39.SI)$   

ST Engineering and OCBC have emerged as the biggest winners for this investor, reflecting the resilience and growth of established Singaporean companies. ST Engineering, a global technology, defence, and engineering group, has shown consistent upward momentum throughout July, benefiting from its diverse business segments. Similarly, OCBC, one of Singapore's leading financial institutions, has contributed significantly, highlighting the robust nature of the banking sector in the current economic climate.

Beyond these giants, local supermarket chain Sheng Siong also saw a commendable 10% gain this July. This performance underscores the enduring strength of defensive stocks, particularly in the consumer staples sector, which tends to perform well regardless of broader market fluctuations.

Adding to this diversified approach, the investor continues to dollar-cost average (DCA) into Iron Mountain. This long-term strategy, consistently investing a fixed amount over time, helps to mitigate market volatility and build a strong position in a company that focuses on data management and data centers – a sector with growing relevance in today's digital world. Recent reports indicate Iron Mountain's strong cash flow and expansion into data centers are well-poised for future growth. $Iron Mountain(IRM)$ 

Looking ahead, the investor remains optimistic about the continued growth of global technology leaders Nvidia and TSMC. The belief is rooted in the pervasive impact of diverse trading strategies and the transformative power of AI technology. Nvidia, a key player in the AI revolution with its advanced GPUs, has seen significant gains this month, indicating strong investor confidence in its future. TSMC, as the world's largest dedicated independent semiconductor foundry, is at the heart of producing chips for virtually every technological innovation, including those powering AI. Their latest earnings report further reinforces their strong performance, driven by robust AI and high-performance computing (HPC) related demand.

This portfolio's strong July performance exemplifies the benefits of a well-diversified strategy. By blending established, stable companies with strategic investments in high-growth, forward-looking sectors like AI, investors can potentially achieve robust returns while managing risk in an ever-evolving market landscape. The continued belief in the power of AI and diversified trading seems set to deliver further gains. Do you own due diligence check before invest @TigerEvents @MillionaireTiger @TigerStars @TigerClub @Tiger_SG