Market Review and Trends
Brexit Impact On My Stock Portfolio
By My Sweet Retirement  •  June 26, 2016
During my holiday trip in Taiwan, I read about the news that British is departing the EU (European Union). I believe many readers should have known that on Friday, 24th June 2016, Briton votes have concluded Britain shall leave the EU (European Union). Prime minister, David Cameron resigns as results are final. Impact on Tourism As a result of weaker sterling pound, we may expect less tourist from the UK. Based on March 2016 statistics, UK contributes around 3.9% of international tourist arrivals. As a result of lesser tourists, stocks in my portfolio that has dependency on tourism that may be impact are OUE Hospitality Trust, Far East Hospitality Trust, Suntec REIT, Mapletree Commercial Trust and The Hour Glass. Weaker Sterling Pound The value of the pound sterling has fell against the US dollar and you may have read about news many flock to money exchanges to buy the sterling ......
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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