Bob had done his rebalancing on 30 June 2021, which I had reflected here, with another SGD 5,000 injection.
Bob had opened another brokerage account for the purpose of investing in overseas securities. For his inaugural overseas investment, Bob had purchased five SPDR S&P 500 ETF (SPY) shares as his first step into the U.S. market.
Also, he had added some positions to the ABF Singapore Bond ETF, given the decline of its price in the last six months.
In a related development, from 30 June 2021, the SPDR Gold Shares ETF can be traded in both USD and SGD on the Singapore Exchange1, which means going forward, Bob could choose either currency for his gold ETF....
