As mentioned in the previous issue, the 2024 portfolio will be constructed in a similar way as the previous portfolios, where 10 stocks are allocated equally, wherever possible. The 2024 portfolio’s start date was Feb 23, which is the day the stock picks were published online, using closing prices. After accounting for all returns and cash, the portfolio’s starting value was US$254,407 (about $341,790). The Table shows the allocation for the 10 stocks for our virtual portfolio. Our 2024 portfolio will not account for transaction costs and exchange rate fluctuations in tracking the performance. Dividends and capital changes to the stocks, on the other hand, will be accounted for in tracking the performance of the portfolio, as per the previous instalments.
The Edge Singapore’s 2024 virtual global portfolio features 10 stocks that cater to investors of various risk profiles. The stocks selected this year have been subject to rigorous subjective fundamental analysis, and the selection incorporates lessons learned over the years since the portfolio’s inception.
To recap, the virtual global portfolio was incepted on Jan 24, 2020, with 10 stock picks which were equally allocated to a US$100,000 virtual portfolio. Our returns for 2020, 2021, 2022 and 2023 were 98.1%, 13.1%, –9.8% and 25.8% respectively, with the performance since inception significantly ahead of any comparable benchmark with 25.7% CAGR.
