Just when you think we are out of the woods after the remarkable recovery in October, stock markets have plunged in recent weeks. Our portfolio actually suffered a 4% drop in value, decreasing from $151,000 to $145,000. The performance of Kingsmen, a big part of our portfolio, was the main culprit as the stock declined by almost 10% just the past month alone.
As for other assets, we actually subscribed to $10,000 worth of November’s SSBs, which proved to be an inspired move with December’s launch. 2.78% vs 2.44%! A big drop in yields within a month! To me, that’s a REALLY big difference and therefore, it’s not surprising to know that we are giving Dec’s bonds a pass.
If the recent launches were considered lukewarm, I really don’t know what is to be expected for this latest launch.
And just to prepare you in advance, posting frequency will reduce ......