Jan19 has been a great month for equity investors.

All major markets made an incredible turnaround from the dismal Dec and put on a strong show within a month. STI gained about 5%, Hang Seng/China Shanghai indexes gained about 10% and US S&P-500 8%.

My overall portfolio outperformed STI slightly, @6.5% but it paled in comparison to Hang Seng or S&P 500.

The size of the gain is expected as the bulk of my investments are largely here in Singapore. However, it did better than STI because I am relatively overweight on Reit than Banks (which are the majority of STI) and I also have about 10% investments in HK and US companies combined.

Overall, I am happy with this gain, especially after the “bloody” and volatile December last year. But it also showed me that I should continue to diversify from SG market and at the