I couldn’t resist it. I had intended to place most of this latest investment of $5,000 into DBS Enhanced Income Fund. But the crash in the US stock market yesterday (4th August) and the subsequent crash in Asian markets and the Singapore market today caused me to change my mind. Instead, I placed all $5,000 into equities.
If I had the option to postpone my renovation and move to next year, then I would be using the amount I have placed into the DBS Enhanced Income as well into equity funds now. Instead what I have also done is to switch around $14,500 worth of my Fidelity High Yield Bond Funds into equity funds as well.
Thus, my transactions for today (already placed) are as follows:
Buy Aberdeen Asian Smaller Companies - $4000
Buy Aberdeen Singapore Equity - $1000
Switch sell Fidelity High Yield, buy Fidelity Asian Special Situations. ......