Reader says... Notice that you only has local sg shares for income. Any reasons why not consider overseas shares to avoid the standard "home bias" portfolio allocation? AK says... Singapore has ample investment opportunities for the income investor in me. This is partly also because I am not managing a large multi-million dollar portfolio. I am not so rich. ???? And it helps that I am not too greedy. ???? Reader says... But does it mean a lack of diversification in non sg assets? AK says... If you want geographical diversification, you can always put money in counters which have overseas businesses or assets. For a while, a big chunk of my money was actually in Japan if you remember Saizen REIT and Croesus Retail Trust, for examples ......