1. Core Portfolio
I bought 3,000 shares of STI ETF @$2.85 and 40 more of Berkshire B @$140.50 to increase my equity exposure in this core portfolio. Both assets are getting closer to my “desired” proportion and I would continue to add if the opportunity arises.
I am still waiting for the SSBs to go above 2.5% and if it doesn’t happen, I would be open to looking at longer-term SGS bonds or even corporate bonds to balance this portfolio.
*The two numbers are in USD
2. Local Stock Portfolio
I got a chance to exit a very illiquid counter, Low Keng Huat @$0.605. Including the dividends received over the years, it was a very small loss.
Going forward, this portfolio’s aim would be to complement the core portfolio by creating some cashflow in the form of dividends. The portfolio is currently yielding about 4.5% and I will be trying to reach for a sustainable 5% in the long run.
3. Emergency Funds
Sadly, I have procrastinated on topping up my CPF accounts. If the market shows further indications that it is on a longer bull run, perhaps I would take more concrete action.
That said, we would no longer pay for the mortgage out of my OA account.
As for currencies, the weakening of the USD is tempting me to exchange a further $2,000 and bring the emergency funds closer to the desired $100,000.
This update came a little earlier this month as I will be on vacation from tomorrow! Therefore, don’t expect any updates to this blog for the next week. So looking forward to getting away from this foul hot weather.