It was a roller coaster ride again during the past month. The STI Index fell gradually and even dipped below 2,800 before making a quick and rapid surge back to above the 3,000 mark. Here’s a diagram to give all of us a better picture.
At this point in time, there are some bloggers who believe that the worst is behind us while there are others who believe the worst is yet to come.
Me?
I seriously have no idea. My record of short-term market predictions is probably worse than Donald Trump’s approval ratings among women. And that’s saying something.
Nonetheless, you would be surprised to find out that during the past month, I have sold off quite a few of my holdings. The decision was largely independent of the market movements as I am trying to trim the number of stocks I currently hold. And of course, conserving a ......