$1.511 mil Daedalus Revenue Portfolio Replace – July 2025

Right here is the replace for my Daedalus portfolio for July 2025. If work just isn’t too busy, I’ll attempt to present an replace the place doable.

I clarify how I constructed this portfolio in Deconstructing Daedalus Revenue Portfolio and Why I At present Put money into These Funds for Daedalus. You may not perceive what I wrote under in the event you haven’t learn this submit.

All my private planning notes resembling revenue planning, insurance coverage planning, funding & portfolio development might be below my private notes part of this weblog. You can even discover the previous updates within the part.

Portfolio Change Since Final Replace

The portfolio was valued at $1.476 million on the finish of June and is at $1.526 million on the finish of July.

We reported a portfolio change of $50,000 for July 2025.

The portfolio is valued in SGD as a result of that’s the foreign money that I might almost certainly be spending on.

As of seventh August 2025, the portfolio is valued at $1.511 million.

Listed below are the first safety holding returns for the month-to-date and year-to-date:

The desk that reveals the fund holdings denotes the month-to-date and year-to-date efficiency of the funds that I personal, in opposition to Main Index ETFs. The Main Index ETFs is current to match the efficiency. Simply to be clear, I don’t personal the main index ETFs and you must see the highest desk as what I personal.

The returns of all funds are in USD. This consists of the efficiency of the Dimensional funds, which I exploit the returns of the USD share class in order that the returns are comparable. I’ve additionally listed the main index ETF efficiency for comparability.

The market continues to digest and reprice no matter that’s within the information.

If you happen to have a look at the underside desk (Main Index ETFs):

1. US Equities, notably lead by Broadcom, Nvidia and Microsoft recovered the very best. The S&P 500 remains to be lagging the market this yr.
2. IFSW and AVGC present higher efficiency examine to JPGL and GGRA as a result of their publicity to what’s working (which is point out in #1). It has been a superb yr and a half for IFSW, which I occur to have the least publicity to.
3. The 2 small caps fund did nicely relative to the Russell 2000 and S&P 600. AVGS didn’t achieve this nicely this month due to the strengthening USD. 1/3 of the fund is in Worldwide Worth which tends to do higher when USD is weaker.
4. The worldwide mixture bonds proceed to development larger, although after factoring the weaker USD, it needs to be unfavourable this yr. The position of the bonds is to have constructive anticipated return in the long term, and in addition to cushion the portfolio volatility. It is usually to have extra humility within the portfolio.

The portfolio acquire 2.11% because of the strengthening USD in opposition to the SGD. YTD the portfolio misplaced 5.66% simply from foreign money alone.

Position of Portfolio

The purpose of the portfolio is to generate regular, inflation-adjusted revenue to cowl my important dwelling bills. It’s constructed utilizing a conservative preliminary withdrawal price of two.0–2.5%, which is designed to carry up even below extraordinarily robust market circumstances — together with eventualities just like the Nice Despair, extended durations of excessive inflation (averaging 5.5–6% over 30 years), or main international conflicts. In different phrases, it’s stress-tested to face up to a number of the worst monetary environments in historical past.

The revenue must final: from immediately (age 45) for the remainder of your life — probably endlessly.

I’m at present not drawing down the portfolio.

For additional studying on:

1. My notes concerning my important spending.
2. My notes concerning my fundamental spending.
3. My elaboration of the Secure Withdrawal Charge: Article | YouTube Video

Based mostly on present portfolio worth, the quantity of month-to-month passive revenue that may be conservatively generated from the portfolio is

The decrease the SWR, the extra capital is required, however the extra resilient the revenue stream is.

Nature of the Revenue I Deliberate for

Typically, different revenue methods produce various kinds of revenue streams. They’ll differ by:

• Consistency: Some present regular revenue, others fluctuate over time
• Inflation Safety: Some alter with inflation, others stay fastened
• Length: Some final for a set variety of years, others are designed to final indefinitely (perpetual)

An revenue stream primarily based on the Secure Withdrawal Charge framework is constant and inflation-adjusted, and if we use a low preliminary Secure Withdrawal Charge of two.0-2.5%, the revenue stream leans in direction of a protracted length to perpetual.

Here’s a visible illustration of how the revenue stream might be primarily based on the present portfolio worth:

The revenue for the preliminary yr is predicated on a 2% Secure Withdrawal Charge. The revenue for subsequent years is predicated on the inflation price within the prior yr (check with the underside pane of inflation within the earlier yr). If the inflation is excessive, the revenue scales up and if there’s deflation, the revenue is decreased.

Funding Technique & Philosophy

After making an attempt my finest to discover ways to make investments for some time, the portfolio expresses my ideas about investing at this level.

The portfolio is run in a

1. Strategic: allocation doesn’t change by short-term occasions.
2. Systematic: guidelines/decision-tree-based applied both myself or an exterior supervisor.
3. Low-cost: funding implementation value is saved fairly low each on the fund degree and in addition on the custodian degree.
4. Passive: I spend comparatively little effort mentally contemplating investments and in addition action-wise.

You possibly can learn extra on this be aware article: Deconstructing Daedalus My Passive Revenue Funding Portfolio for My Important & Fundamental Spending.

Portfolio Change Since Final Replace (Often Final Month)

There aren’t any change to the portfolio in July 2025.

Present Holdings – By Greenback Worth and Percentages

The next desk is grouped primarily based on normal technique, whether or not they’re:

1. Mounted Revenue / Money to cut back volatility.
2. Systematic Passive, which tries to seize the market threat in a scientific method.
3. Systematic Energetic, which tries to seize varied confirmed threat premiums resembling worth, momentum, high quality, excessive profitability, and measurement in a scientific method.
4. Lengthy-term sectorial positions.

Portfolio by Account Supply Location

Portfolio by Area Publicity of Securities

Portfolio by Fund, Money or Particular person Safety

Portfolio by Technique.

What Systematic Energetic Means: Funds that assist me execute passively very particular, repeatable underlying securities choice on an ongoing foundation. Listed below are some examples of the systematic energetic methods in my portfolio:

1. World Multifactor: From a basket of 1,600 developed market giant and mid-cap shares, rank the shares by their worth, by their 12-month momentum, by their diploma of ROE and debt to asset, after which personal the highest 300. Do that each half-yearly or quarterly. You find yourself with a method that constantly owns 300 corporations which might be cheaper, high quality and have higher momentum relative to a market cap weighted index.
2. Small Cap Worth: From a basket of three,000 developed market small cap shares, rank the shares primarily based on price-to-book worth (embrace intangibles within the e book worth). Additionally rank the shares by working earnings minus curiosity divide by e book worth. Eradicate the businesses with low profitability. What we find yourself is 2 group of small cap shares: The extra worthwhile small caps however not too costly, and the small caps shares which might be no less than worthwhile however are very low cost. Personal the highest 30-35% of this cohort constantly. Have a supervisor that constantly helps me execute this.

The Primary Custodians for the Securities on this Portfolio

The present custodians are:

1. Money: Interactive Brokers LLC (not SG)
2. SRS: iFAST Monetary

If you wish to commerce these shares I discussed, you possibly can open an account with Interactive Brokers. Interactive Brokers is the main low-cost and environment friendly dealer I exploit and belief to take a position & commerce my holdings in Singapore, the USA, London Inventory Alternate and Hong Kong Inventory Alternate. They mean you can commerce shares, ETFs, choices, futures, foreign exchange, bonds and funds worldwide from a single built-in account.

You possibly can learn extra about my ideas about Interactive Brokers in this Interactive Brokers Deep Dive Collection, beginning with the right way to create & fund your Interactive Brokers account simply.

Kyith is the Proprietor and Sole Author behind Funding Moats. Readers tune in to Funding Moats to study and construct stronger, firmer wealth foundations, the right way to have a Passive funding technique, know extra about investing in REITs and the nuts and bolts of Energetic Investing.

Readers additionally observe Kyith to discover ways to plan nicely for Monetary Safety and Monetary Independence.

Kyith labored as an IT operations engineer from 2004 to 2019. At present, he works as a Senior Options Specialist in Insurance coverage Begin-up Havend. All opinions on Funding Moats are his personal and doesn’t signify the views of Providend.

You possibly can view Kyith’s present portfolio right here, which makes use of his Free Google Inventory Portfolio Tracker.

His funding dealer of alternative is Interactive Brokers, which permits him to put money into securities from totally different exchanges everywhere in the world, at very low fee charges, with out custodian charges, close to spot foreign money charges.

You possibly can learn extra about Kyith right here.