$1.497 mil Daedalus Earnings Portfolio Replace – June 2025

Right here is the replace for my Daedalus portfolio for June 2025. If work shouldn’t be too busy, I’ll attempt to present an replace the place potential.

I clarify how I constructed this portfolio in Deconstructing Daedalus Earnings Portfolio and Why I At present Spend money on These Funds for Daedalus. You may not perceive what I wrote under should you haven’t learn this put up.

All my private planning notes reminiscent of earnings planning, insurance coverage planning, funding & portfolio development shall be below my private notes part of this weblog. You can too discover the previous updates within the part.

Portfolio Change Since Final Replace

The portfolio was valued at $1.441 million on the finish of Could and is at $1.476 million on the finish of June.

We reported a portfolio change of $35,000 for June 2025.

The portfolio is valued in SGD as a result of that’s the forex that I might more than likely be spending on.

As of third July 2025, the portfolio is valued at $1.497 million.

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

The desk that exhibits 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 need to 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 take advantage of 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.

In case you have a look at the underside desk (Main Index ETFs):

1. Rising markets did one of the best of 6.8% after doing 4.8% final month. Their efficiency this 12 months has been one of the best.
2. The small caps globally pulled down the All Nation World IMI outcomes relative to the index with out IMI.
3. The smaller measurement and cheaper firms shouldn’t be serving to the World Core Fairness.
4. The distinction between the Russell 2000 and S&P 600 might be healthcare and know-how. Small cap know-how have been doing higher and we are able to see the higher efficiency of the Russell 2000 evaluate to the S&P 600.
5. Avantis World Small Cap Worth, Dimensional World Focused Worth continues to do higher than the Russell 2000, S&P 600, SPDR MSCI USA Small Cap Worth Weighted because of the weaker USD, and financial circumstances easing within the worldwide markets. Though we’re observing higher efficiency this month from USSC.
6. JPGL, IFSW, AVGC, Dimensional World Core Fairness (which I don’t personal on this portfolio) falls throughout the realm of MSCI World. You’ll be able to evaluate the efficiency of those funds in opposition to the MSCI World Index. AVGC and World Core Fairness are extra levered to the profitability issue, which sort of assist them sustain with the MSCI World Index efficiency, which has grow to be fairly excessive within the profitability issue. IFSW is a distinct beast. They’ve change their methodology (which I ought to write about sooner or later). I’ve the least allocation to IFSW nevertheless it has been one of the best performer these two years.
7. Rising market small cap shouldn’t be doing in addition to worldwide small cap however positively doing a lot better than US small caps. They take pleasure in each the tailwind of correction from the low and USD weak spot.
8. Regardless of curiosity yield remaining excessive, the World Combination bond continues to earn the coupon returns of the underlying.

The portfolio misplaced 1.52% because of the weakening USD in opposition to the SGD. YTD the portfolio misplaced 6.85% simply from forex alone.

Function of Portfolio

The objective of the portfolio is to generate regular, inflation-adjusted earnings to cowl my important dwelling bills. It’s constructed utilizing a conservative preliminary withdrawal fee of two.0–2.5%, which is designed to carry up even below extraordinarily powerful 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 earnings must final: from at this time (age 45) for the remainder of your life — probably eternally.

I’m at the moment not drawing down the portfolio.

For additional studying on:

1. My notes relating to my important spending.
2. My notes relating to my primary spending.
3. My elaboration of the Secure Withdrawal Fee: Article | YouTube Video

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

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

Nature of the Earnings I Deliberate for

Usually, different earnings methods produce various kinds of earnings streams. They will range by:

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

An earnings stream primarily based on the Secure Withdrawal Fee framework is constant and inflation-adjusted, and if we use a low preliminary Secure Withdrawal Fee of two.0-2.5%, the earnings stream leans in the direction of an extended period to perpetual.

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

The earnings for the preliminary 12 months is predicated on a 2% Secure Withdrawal Fee. The earnings for subsequent years is predicated on the inflation fee within the prior 12 months (confer with the underside pane of inflation within the earlier 12 months). If the inflation is excessive, the earnings scales up and if there’s deflation, the earnings is lowered.

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 moderately 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’ll be able to learn extra on this be aware article: Deconstructing Daedalus My Passive Earnings Funding Portfolio for My Important & Primary Spending.

Portfolio Change Since Final Replace (Often Final Month)

I held a small place in Matterport (MTTR) through the COVID interval. I used to be down 91% on the place. Actual property info firm CoStar (CSGP) bought Matterport in a money and shares transaction. In order a Matterport shareholder, I received some CoStar shares.

I made a decision to scrub up my portfolio by shifting CSGP to my different portfolio Crystalys. So CSGP is the one sale. Nevertheless, I can’t promote all of the shares so I’m nonetheless left with 0.1312 CSGP shares on Daedalus.

Present Holdings – By Greenback Worth and Percentages

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

1. Mounted Earnings / Money to scale back volatility.
2. Systematic Passive, which tries to seize the market danger in a scientific method.
3. Systematic Lively, which tries to seize numerous confirmed danger premiums reminiscent of worth, momentum, high quality, excessive profitability, and measurement in a scientific method.
4. Lengthy-term sectorial positions.

Portfolio by Account Location

Portfolio by Area of Securities

Portfolio by Fund, Money or Particular person Safety

Portfolio by Technique.

Most important Custodians

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 take advantage of and belief to speculate & commerce my holdings in Singapore, the USA, London Inventory Alternate and Hong Kong Inventory Alternate. They let you commerce shares, ETFs, choices, futures, foreign exchange, bonds and funds worldwide from a single built-in account.

You’ll be able to learn extra about my ideas about Interactive Brokers in this Interactive Brokers Deep Dive Collection, beginning with easy methods 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 be taught and construct stronger, firmer wealth foundations, easy methods to have a Passive funding technique, know extra about investing in REITs and the nuts and bolts of Lively 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’ll be able to 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 spend money on securities from completely different exchanges everywhere in the world, at very low fee charges, with out custodian charges, close to spot forex charges.

You’ll be able to learn extra about Kyith right here.