Just a quick update here. After setting up our robo-advisor accounts and standing instructions to transfer funds into them weekly, I started to realise it was pointless maintaining a separate portfolio of 6 x Vanguard LSE-listed ETFs on our Stan Chart Online Equity Trading Platform. A reader pointed this out to me a while ago about incurring high transactions costs when it comes to buying and selling these Vanguard LSE-listed ETFs. Plus they overlap with each other and our robo-advisor accounts.
I took advantage of the recent run-up in equity markets to sell all of our small 6 x Vanguard LSE-listed ETFs holdings for another round of restructuring.
Sale proceeds: S$2,000
Profit amount: S$100
Profit percentage: 5%
I keep trying to simplify our portfolio but continue to over-complicate matters by not sticking to one strategy. If you remembered from my past posts, I have done this once before i.e. selling ......