My cash holding went up a little due to bonuses from earned income. As a result, my liquid assets portfolio now comprises fixed income: 15%, equities: 37% and cash and cash equivalents: 48%. The equities market continues to be firm despite signs that economic growth for 2013 will be lower as compared to 2012. However, Japan’s quantitative easing coupled with the US Fed’s continued easing means there is still much liquidity sloshing around in world markets. I bought a bit more fixed income 30 year Singapore Government Securities to provide some balance to my portfolio.  Currently am overweight in cash and am seeking opportunities to deploy it safely and meaningfully. Equities have run up a bit so downside risks are higher relative to upside potential. Even SGS has moved a bit recently so am waiting to see if prices move nearer to par (100) to consider buying a few lots... Read the full article →