Dividend Warrior’s Q3 2025 Portfolio Update – Crossing the $1 MILLION milestone!

Saturday, October 4, 2025

Dividend Warrior’s Q3 2025 Portfolio Update – Crossing the $1 MILLION milestone!

Equities Portfolio Cost: S$674, 935

Equities Portfolio Market Value: S$1, 027, 493

Equities Portfolio Unrealised Profit: +S$352, 558 (+52.2%)

Portfolio XIRR (9M2025): +13.7% (inclusive of dividends)

Dividends Collected (9M2025): S$39, 300 (+13.5% yoy)

Total Cumulative Dividends (2010 – 9M2025): S$364, 225

Current Cash & Cash Equivalents: S$17, 000

(*All figures are accurate as of 30 Sep 2025)

Portfolio Actions in 3Q 2025:

Accumulated batches of Alphabet at US$200 & US$246
Accumulated batches of Amazon at US$219 & US$222
Accumulated Microsoft at US$505

Markets Were Cooking Hard In Q3!

All of my heavy aggressive dip-buying back in the previous quarter continued to bear fruits in Q3. My 2-year strategy of accumulating positions in non-REITs counters like the banks, Sheng Siong, PropNex and US big tech has worked out pretty well so far. Even some quality S-REITs had slowly recovered as the US Fed cut rates. Just when I thought the markets could not possibly rally further, it continues to blow my mind. People who took profits earlier could not get back into the rally. I’m glad I could easily resist the temptation (patting myself on the back). As the late Charlie Munger said, ‘Profits are not made in the buying or selling. It is made from the waiting.’ Let your winners run. And oh boy, did my winners run! In the local market, DBS, PropNex and Sheng Siong hit new all-time-highs. In the US market, Alphabet, Microsoft & Nvidia kept breaking new highs too. Especially Alphabet, when the company received a favourable verdict from the DOJ. Google does not need to break up. All these factors pushed my portfolio value above $1 million on 29 Aug 2025. I finally entered the 6-figure club! Truly a historic moment in my investment journey.

My portfolio exceeded $1m for the first time ever on 29 Aug 2025

DBS, PropNex & Sheng Siong carried my portfolio hard

Of course, I’m under no delusion that good times never last long especially for cyclical stocks like PropNex and DBS. That is why for the first time in a long time, I stopped accumulating them at current valuations. For now, I own enough. Time to chill, collect CD and build up my warchest again. My only significant portfolio action in Q4 would probably be subscribing to Keppel DC REIT’s preferential offering. KDC is using the proceeds to acquire an AI-ready hyperscale data centre in Japan. On the US market front, I managed to nibbled some Alphabet, Amazon and Microsoft in the final week of September. The current US government shut-down might give me some buying opportunities but I think investors already grown more immune to this yearly political circus.

Spending My Dividends

As the end of 2025 approaches, my work load lessens and it is time to slow down. Preparing for my first ever trip to Osaka next month. Can’t wait! 🙂