< Image Credit : Azquotes.com> STI up by 9.84% in 2021, basically if SG banks and REITs are performing well, STI should be OK as more than 60% of STI weightage are bank stocks and REITs.  For me, STI is more for dividend and passive income, slow and steady but good for retirees like me. :D SG REITs are almost flat in 2021 but with dividends, the total returns should be around +5.8%. Of course for individual REIT, performance varies from sector to sector, data centre and logistics perform better than office and retail and the worst is still hospitality. HSI is one of the worst index performances in the world. It had been dragged down by the continuous crackdown by the government on property/education and tech anti-monopoly issues in 2021. Moving towards 2022, the regulatory risk is still the main issue but hope with the more accommodative and loose monetary policy, the market would rebound from here on. Valuation looks...