A little commentary on the market and of course, Bremain or Brexit that is looming over the horizon.
People are saying the polls are split and Brexit might even have the edge. But I seriously think that’s bollocks, after the Scottish referendum experience. I really doubt people who prefer the status quo bother with polls. Furthermore, the baby boomers and elderly are one large voting bloc which I feel will largely vote according to their vested interests.
And if staying in EU will make their holidays cheaper and preserve the value of their portfolio, that’s what they are going to vote for.
Of course, I could be wrong. But that would mean the bookmakers would be very wrong too, since Bremain is a big favourite at the betting markets. A $10 bet would only give you $3 of winnings if you’re on the same side as me.
1. Core Portfolio
Nope, no action this month. With the smaller amount of savings we are adding per month, it would generally require a quarter to build up enough to warrant even one action.
And with the market just going sideways (although it seems to be threatening to go down much further), the value of the core portfolio remained at around $114,000.
2. Local Stock Portfolio
No wheeling and dealing on this front too. I have largely accepted that I have generally not been very adept at identifying opportune times for selling. Therefore, instead of retching up transaction costs, I would probably just hold most of my stuff for the long run.
With a slight $2k increase in the value of the portfolio, you could argue that I went through May with flying colours? Sell in May and go away? Nah, I am not a market timer.
3. Emergency Funds
The only thing I am letting on is that I am interested in getting a little more exposure to bullion.