A small pat on the back to myself for “not doing anything” last week. I did not try to predict the outcome of the US election having been “burnt” by Brexit and at the same time, I did not react to the outcome of Trump becoming POTUS.
Basically, just sitting still and observing what’s happening.
Surprises are everywhere and it’s also interesting to note that I fell sick for the first time this year earlier in the week. When I actually had no work for the previous week.
But well, when there is no work, I drink less water and take lesser care of my body.
Moral of the story: everything can be explained well on hindsight.
1. Core Portfolio
The US market is surging yet again and Berk B is probably responsible for the bulk of this month’s portfolio increase. In a short span of a month, including currency appreciation, Berkshire probably increased by >10%.
My target is to have approximately $30,000 worth of Berk B by the end of this year and if the momentum continues, there is a chance I might not even need to add a tranche to hit that sum.
But honestly, I hope it comes down to a much healthier level for me to add a bit more.
2. Local Stock Portfolio
A couple of weeks ago, I managed to add 600 shares of DBS @$14.86. And yes, on hindsight, with the expectation of a rate increase, it makes for a good hedge for the REITs that I hold. But the reality is that I just got lucky.
In the past week, most REITs are down 10% while the banks are up by the same region of 10%.
There’s also the privatisation of Super Group which is rather welcome as I intend to trim the number of positions I hold. Including CNAV stocks, STI ETF and Berkshire B, the number of holdings probably exceed 20 for a $200K stock portfolio.
If the local market’s sentiment improves and STI breaches 3,000 again, I will be keen to offload at least 2 or 3 peripheral positions.
3. Emergency Funds
I made my first purchase of paper gold through the SPDR Gold Shares. I bought 40 shares at $120 a few days ago. The current price is lower but I am waiting for a better price before loading again.