Reason for divesting is not so much super bearish about stock market going forward but rather from a strategic perspective. STI ETF has been included as the Strategic Section of the Investment Portfolio. The main objective of the Strategic Section is to acquire stock at either $0 or very low cost and divest when deem appropriate. Not so much on fundamental perspective. Since purchased in 2020, for that 4 years, no further action has
...In the month of April 2024, divested STI ETF at $3.25 after holding for 4 years. This stock was first bought at March 2020 at $2.3423 during the global market weakness due to Covid-19 pandemic. As such, this has netted a realized profit of 34.90% together with dividend return of 18.53% for these 4 years. This gave a total realized profit of 53.43%, annualized to be 11.30% (inclusive of dividend) and 7.77% (exclusive of dividend).
