This few months has been interesting experience. For new investor is harrowing ones. If I could remember we are near the time frame where SARs basically stabilized and market was in recovery process. Covid-19 impact is not the same in the sense we have Trade War, Currency War and Oil Impacts going-on all rolled into one. This Pandemic is much more wider hitting shores of Europe and Americas. How long this will take is anybody guess.
For me personally, birth of 2nd Daughter, increase Job Scope and some personal harrowing life experiences all rolled during this period. Expenses will be expected to shoot up though not as much as first born. My wife chipping in to help on nappy and nanny expenses. She sold all her shares before Covid-19 really hits. Shiok ah ! More money for my investment. 😂
At one time my portfolio is down $250k which is 5 times of Year 2008 GFC amount but interestingly I do ok mentally but just a bit fuzzy when wife called me on some errands. Well, STAYING VESTED in market is so important because portfolio recovered significantly for my Portfolio setup and selection. I want to mention this because different selection may gives different result. I still have about 50% warchest to play with. Don't think we are out of the wood yet because I can't confirm. LOL
Reits gearing increase to 50% is the positive step to take as this will alleviate needs for rights issue with deferred payment of tenants. Even without this deferment, I think this should have been done for GFC 2008 as well that time. Anyway this is just regulatory paper play. Just like USA unlimited QE. Thanks for this, the world probably adverted Depression. Depression is not the emotional aspect that I am referring to in case some new investors thought this is what I mean but certainly will lead to if the GREAT DEPRESSION is not adverted. This event if one is to search through history is horrible to the poor and middle class. We will stop complaining of the money printing because the cost is much much cheaper. It may rewards the Rich but not everyone.
Taking stock on current portfolio status. Reits/Trusts abut 59%. Fixed Equity 16%. Portfolio yield dropped to 6% because of recent "market euphoria". Is not the perfect description of it as we are still in recovery phase or ...... ( touch wood). Performance wise -8% roughly. We have 10% gap between me and STI Index. Slightly lesser after considering Index dividends issued. Starting to take stock of my loan, asset, FD, SSB, emergency funds and free cash again for the next stage of development. Yes, the more cash the merrier ... 2 more weeks to go.