For the past half a year, the valuations of this portfolio has hovered at around the $250K mark. With the market largely in a sideways trend and a reduction in the savings rate due to lower household income, this isn’t surprising. Nonetheless, the comforting part is that there is still a slow but gradual increase in not just the valuations, but the passive income too. There’s some action in the past month as I sold off my Challenger holdings on 27 February @$0.505. As e-commerce develops in Singapore further, there’s bound to be some winners (eg.SingPost) and losers. I do believe that IT products is a category that will thrive in the e-commerce space and Challenger could be fighting a losing battle on that front. With Challenger reporting a credible set of results recently, the price ran up slightly and I took the opportunity to lock in these gains. ......