I haven’t been blogging as actively as I wished for the last few weeks but since my last post, I have received 11 new subscribers. Thank you very much for your support.
Our local STI has not been kind to us in the last fortnight. From its last peak of 3615 points achieved on 2 May, it has now dropped 9%, and last week was the worst week in this decline. STI has now literally returned all the gains it made this year and more. Compared to end 2017, it is down 4% already. Just talking about it feels terrible.
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My portfolio is not spared, losing 6% value year-to-date. Thankfully, the 3.5% dividend yield gained so far helps to reduce the absolute loss for the year to about 2.5% of my total portfolio value. Still, heartaches.
However, I believe in staying invested through peaks and …