Uncertainties caused by the threat of tariffs (implied or about to be implemented), and a slew of other minor reasons, had spooked the markets somewhat, with the S&P 500 index down more than 4% year-to-date. A down market is the time to look for bargains, and ample opportunities to buy in counters at relatively less expensive prices and/or to average down on securities that one may have already owned.
Yes, this smack of the characteristic called market timing, which is usually frowned upon as the future price movement is a big unknown. However, any price is a good price if the investor felt the fundamentals and/or valuations had hit the right spot.
To summarise, since February, we had added the following five assets into our Portfolio Multiverse:
- Alphabet (Bedokian Portfolio)
- Nvidia (Bedokian Portfolio)
- OCBC (CPF Portfolio)
- NikkoAM-StraitsTrading Asia ex Japan REIT ETF (Bedokian Portfolio)
- Cryptocurrencies Bitcoin and Ether (Trading Portfolio)
Frankly, more counters were planned to be added, such as Frasers Centrepoint Trust, Frasers Logistics & Commercial Trust, and some bond ETFs (e.g., ABF Singapore Bond Index Fund, Nikko AM SGD Investment Grade Corporate Bond ETF, etc.) that we had in our holdings. However, these counters had seen a rise from around mid-March that, in my opinion, was possibly due to capital shift and asset class/regional rotation into Singapore assets, among other things.
There are always buying opportunities abound in the markets, depending on the economic situation, asset classes and market sentiments.
Disclosure
The Bedokian is vested in the mentioned counters/securities/assets in this blog post.
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