It's been a rather bumpy month and a struggle to the year end as the portfolio declined to 5.1% target point, with time running out to reach 8%. Some positive news arose out of the renewed Aud fixed deposit where interest rates for two months rose to 4.46% and I managed to squeeze in last minute mortgage repricing to fixed 1.6% for two years. The not-so-good news came from a drop in equity value as the local banks displayed weakness even though Reits held up quite well. A couple of recent SSBs were redeemed to be recycled into higher yields.
Looking at the macro situation, there appeared to be status quo even though the US mid term elections had dealt a massive blow to Trumpian policies. That left many doubts lingering and unlikely to have clarity before 2028. It also confirmed next year would be a transitional period where markets move into stable positions to await the next US presidential outcome. There's already unwinding of the AI trade from rich valuations to more reasonable numbers. The peak had probably touched and it could be the turn of other asset types to catch up. I have free cashflow coming in January which will open up options. Meanwhile, just waiting around and make small investments on dips.
Dividends as of October 2026: $8763.12 (avg $876.30 per month)
Tip: Chang Cold Brew Lager, malty hop on the front, unusually gaseous and light
