It's been more than three weeks since my last post. This is probably one of the longest breaks between posts for me since I started blogging in Mar 2014. Perhaps, it will be the case going forward at least for a while. To start, let us recapitulate the last update on my portfolio, market and life, here.
Portfolio Brief
Very similar to last update except I further disposed more stocks to accumulate cash during this period. Super Group acquisition news and GLP rumored sale caused their stock prices to surge and I took opportunity to offload.
Bad news
I also accepted substantial % losses in Overseas Edu as I see no sign of short-term recovery in the International School market. The worst news of all is my stake in Swissco (trading halt now). Mentally, I am prepared for total loss.
Good news
I am feeling very comfortable ......
It seems that global situations are becoming more volatile. Any event in one part of the world would impact Singapore like current and tides tossing small boats.
The Invest2016 seminar, like the mainstream media does little justice to Trump’s victory. The TPP will impact Singapore greatly. A plan B to deflect or minimize the impact is dire. Trump’s America is likely to see further decline of US influence globally. If US-led TPP fails, a China-led organisation which is waiting in the sideline, will fill the vacuum.
AEC will continue to forge closer, with China meddling and influencing events increasingly. India, the straggler, is trying to catch up by putting forward a foot in the region. Japan and Australia doing their best not to look forlornly lost have provided cameo appearances so far.
Singapore must carefully steer our sail and balance the vessel amid the turbulance of the waves and currents. Betting on the TPP card too rigidly will only do us in. Beware.