Next as mentioned in previous article, finally cleared off the baba stock which is less than 1% of the portfolio at a loss. This close[d a chapter on my excursion with Chinese company. No plan to return near term despite recovering market and this restricted total foreign stock allocation to only 11.2%.
Banking wise managed to increase to 4.9% from 3.3% allocation in Nov'21 ( link ). Want to be careful here due to elevated price of the banks compared to a year ago. Window of opportunity seems to have closed as Fed is getting hawkish on rate increase.
Portfolio improved significantly this week and now less than -1% down YTD. In comparison to STI index basically similar story as in 2021 due to large run-up of the banks. Dividend projection is now $63k in which there are 6.8% war chest available from investment accounts.
This are the key highlights.
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