As the COVID-19 outbreak gets more serious, this had caused a significant impact to the worldwide economy. Last week, we just saw the stock prices of REITs falling as much as 50 to 60 percent. My stock portfolio was not spared either. I have sold off The Hour Glass and Kingsmen Creatives earlier this month. I have bought Singtel and OCBC Bank at prices that I deemed attractive. The stock price of Singtel and OCBC Bank continue to fall and I believe no one knows how far the knife will drop.
Below are the lessons that I have learnt from this COVID-19 crisis.
Have a war chest ready for such crisis. Deploy your cash in Tranches instead of throwing all your monies into the stock market all at once when the stock market crashes. Pace your purchases as well over a few weeks. We have seen the Straits Times