It’s been a couple of horrible months for the stock market. Our portfolio was not spared as it went down by more than 1% even after a few thousand dollars of capital injection. So kudos to those who manage to grind out a positive return during this period.
But was May and June really bad for ALL investors?
For investors with lots of cash on the sideline, this could actually represent an opportunity to plow some funds back into the market.
I am not sure about the US market, but the index feels reasonably priced for the Singapore and HK market. I know there are some who are still expecting STI to go back to 2,000 level. Not impossible, but that would look ridiculously cheap.
Since I am allocating heavier towards indexing, I expect to continue buying quite actively if the SG and HK indexes continue to go lower.
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