The longer I am in this investing business, the more difficult I find to comprehend it.
Markets are up, despite Brexit. And the US markets are chionging to new all-time highs, with REITs leading the charge.
My next prediction? Interest rates to go up despite Brexit and REITs falling back down. It has to obey the law of gravity but well, why listen to me? I have almost always gotten these stuff all wrong. =p
I guess I am starting to appreciate the fact that “inactivity” is the hardest thing to do in the market. On hindsight, the past month’s activities do look ludicrous on closer scrutiny, especially for a guy like me who doesn’t thrive on excitement or stimulation.
1. Core Portfolio
This Core Portfolio will be adopting the principles of the Permanent Portfolio/All-Weather Portfolio and I am in the midst of accumulating further assets by the end of this year to launch it properly at the beginning of 2017. Will be revealing the allocation percentages in due time for a $150,000 portfolio.
Financial markets are mostly up and this core portfolio has followed suit, increasing its value by close to $3,000 from the previous month.
2. Local Stock Portfolio
A very active month. Bought into shares like UOL and Singpost earlier and then sold my OCBC, Ho Bee and PLIFE Reit shares during the Brexit postmortem. This is probably my most active month to date as I expected Brexit to be a game-changer. But well, the markets always surprise.
Even though I have probably broken the adage of “Buy low and sell high”, I am just glad that on a whole, I haven’t really been missing out on the recently rally since this portfolio is still up close to 5% even after the many mistakes and transaction fees.
3. Emergency Funds
I guess the only positive is that I managed to buy a little bit more of bullion and foreign currencies during the past month to boost the funds in this category.