My last post has been a while (in November). I did not manage to write a post in Dec due to the deadline of my assignments which was due over the new year. I’m glad it is over for now and I scored pretty well for one of the modules with full marks on the paper (been a while since I received full marks). While I am waiting for the results of the other module, I can concentrate on what matters ultimately, which is my financial journey.
December was the month in which we saw the increase of the FED interest rate to a range of0.5-0.75%. The 2nd of such hike in more than 10 years. January was a roller coaster ride with the inauguration of the 45th President of the United States. So much controversial news just in the first few days in office and we can only expect more of such news from him and his team for the next 4 years. The stock market did not go lowerbut made new highs instead. This certainly is an interesting period to be watching the market.
Closer to home, the Singapore consumer price rose for the first time in 2 years. This meant that the price of living has started to increase amidst a worsening economy. This only meant that life would only get tougher from this year onwards as the inflation rate rose to 0.2% (highest in 27 months). This coupled with the news of increased CPF retirement sum to $166K and increasing the re-employment age to 67 with the aim of raisingthe retirement age to 67 as well.
In my SG account: I was not closely monitoring the markets and it crept up without me. I was at fault for the failure to monitor the situation and increase my portfolio accordingly. That said, I will still continue to watch closely for any potential entry points to boost my portfolio with my extra cash from bonus and the upcoming Ang Bao.
In my US account: The oil market has been in a consolidation phase at around $50. This is good as I shorted a variation of the strangle on the market. Staying within the range of $50 is the best thing that can happen. I was contemplating selling off my stock position but decided to keep employing cost reduction strategies until I come back from my holiday in mid Feb.
My current SG holdings include:
1) ACCORDIA GOLF TRUST
2) LIPPO MALLS INDO RETAIL TRUST
3) AIMS AMP CAP INDUSTRIAL REIT
Overall capital gain is +5.33%
Overall P&L with dividend is +12.86%
Disclaimer: This is not a recommendation to buy or sell any mentioned stocks or securities in this blog.