I continued my purchase in June to increase my equity holdings. My portfolio equity allocation increased from 37.72% at end May to 44.73% at end June. Earlier this year, I was reducing my equity allocation as I feel valuation was too high, ahead of fundamental. Alas, FED succumbed to the political pressure from the US President, Donald Trump, and indicated they “might” cut interest rate to support the economy. Since I couldn’t predict the future on when a deeper correction would happen, I decided to reposition my portfolio to a more neutral allocation.
|26-Jun-2019||Royal Dutch Shell PLC-B||32.65||55.97|
Link to Yaruzi’s low cost portfolio as of June 2019