Here's an update on the portfolio's performance.
YTD Performance
Passive Portfolio: +8.93%
Vanguard 500 Index: +23.91%
(Source: Portfolio Visualizer)
October has been a good month for the stock market. In fact, it's the best month for this year. All three US indices have seen decent gains in October. Records highs are made for the indices despite some disappointing results from some of the Big Tech companies (eg. Amazon and Apple). Following the drop in share price after Apple's revenue miss Wall Street analysts's estimates this quarter, Microsoft has now replaced Apple as the largest listed company in the World by market cap.
Such broad market rally has also put my portfolio returns in a good position as it now back to almost +9% YTD. All constituents in my portfolio has seen good returns this month after a few months of disappointing returns from the Chinese stocks. While the target of this passive portfolio is to beat the Vanguard 500 Index, I will probably not be able to do so this year but I'm still positive to see a double digit positive returns for my portfolio this year.
(Source: Portfolio Visualizer)
This month has also been the best month for my portfolio so far with a return of +7.87%. It's the second consecutive month that the portfolio has beat the Vanguard 500 Index. If the positive momentum of the market continues, I'm positive that this outperformance will likely continue into the last 2 months of the year as my portfolio is constructed to have a higher upside capture ratio.
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