Portfolio Update (January 2022)

Hi everyone, what a January it has been! The year started with a bang literally - work ramping up, volatile markets. 

Month in Review

Personal 

For those who have followed my previous posts, I've started on a new role since mid of last December. Work has been enjoyable thus far and exposed me to various meetings that shaped how I think critically. 

• Prioritising. Having to juggle between various tasks at hand, one definitely need to have a system to prioritise what tasks to complete in a day and not get sidetracked by other tasks which are not so time essential. 

• Knowing the Bigger Intent of Things. Very often we are engaged in second order thinking - coming up a solution to a perceived issue, without first asking what is the root cause and why are we doing things in a certain way. I think it helps to clearly understand the big picture first before nose diving into the finer details of work. 

• Dig Deep. Don't take things presented to you at face value and question deeper until you are satisfied with the logic.

• Consistency. Managed to run at least 3 times a week together with some simple static exercises. The hardest part would be getting out of the house to run, once the momentum is there actually it doesn't feel that pain. I think this applies to everything in life to achieve your goals, keep grinding at it!

Omicron Virus

Cases in Singapore have been spiking, with daily cases hitting in excess of 5000,  due to Omicron being much more contagious that the Delta variant. Things would likely get worst better it cases starts slowing down. 

With Lunar New Year coming in the next few days, let's all do our part to prevent cases from further increasing - Practise good hygiene, stay home if you feel any slight discomfort, avoid crowded areas and mask on! 

Markets Tanking

After the strong rally in 2021, the market seemed to have lost steam in 2022. With 3 - 4 potential rate hikes this year, the markets did not respond well to it and started dropping. S&P 500 is down 7.6% YTD while tech companies are leading the losses; Tesla down 29.6%, Netflix down 35.5% YTD. 

Portfolio Update

Growth Portfolio

The pessimism continue to surround around China Tech and looks to be a long journey to recovery. Likely to not add further into this portfolio and focusing on the core strategy with stocks valuation looking more attractive now. 

Index Portfolio

Added an additional S$1000 during this dip on top of the monthly S$2500 investment. Hopefully the markets continue to trade sideways or dip or even lower so I can snap up more shares.

Yield Portfolio

With the interest rates hiking on the horizon, one area which I will be keeping out for would be REITS. 

The valuation of some of the REITS is starting to look attractive but I will be staying at the sidelines for a little while to see how this will play out before investing. 

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Wishing everyone a Happy Lunar New Year! Stay safe, healthy and enjoy the festive season. HUAT AH!