I have increased my bond holdings in 30 year Singapore Government Securities recently. Still have about 1/3 of my investible assets in cash and cash equivalents. Equities prices have run up quite a fair bit and we are seeing the equity market at five year high levels. Friends who are fundamental investors think a lot of the blue chips are over-valued at current prices. There’s still a lot of liquidity floating around and with the Central Bankers globally easing in one form or another, it looks like this equities rally or run-up or whatever you call is is still present. I am comfortable with my current holdings. There is room to invest about 10-15% more into equities but I think current prices are a bit high to go in. No-one can predict how markets will turn out. In the meantime, I am brushing up my Thai as I will be ... Read the full article →