The STI Index has somewhat stabilised in the past few weeks, hovering around the 3,100 mark. Although the recent purchases like OCBC and ST Engg are still in the red, there’s been some pretty good gains from shares like Boustead. With another “small” purchase made a few days ago, the portfolio has also breached the $200k mark.
Purchasing >$20,000 worth of stock within the first three months of the year does seem aggressive. But I haven’t suddenly turned bullish since my asset allocation has remained somewhat stable, with 70% in equities. It’s a buying spree mitigated by some special circumstances.
My ILP with AIA “matured” after 8 years (I will talk about this mistake in a subsequent post), netting me almost $9k in cash. Furthermore, March is the month when I receive my performance bonus and like most, I like to “reward” myself during this period. And few things make me feel happier than increasing my potential (Read more...)
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