We are using the SPDR STI ETF (ES3.SI) as a benchmark for STI.

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Data Return = (closing price - opening price) / opening price Return = (closing price - opening price + dividend paid) / opening price   Recommended Read: CPF Account Effective Interest Rates

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Analysis: Best Month The best month is........... APRIL! Over the past 13 cycles, STI experienced only 2 non-positive Aprils, with the worse being only -1%. The second best month is........... March! Over the past 13 cycles, STI experienced 3 negative Marches. Guess we just missed the best time to get in and invest in STI. 😉 In addition, with or without factoring dividend returns does not seem to affect the top 2 months of best return. Though it did make Februaries' return looks a lot better.

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Analysis: Worse Month Without factoring dividend return, the worse month is........... AUGUST! Followed by February and May.  ...