Friday, 5 June 2020

Foreign stocks - Breakeven in 3 months?

This is a snapshot of my IBKR portfolio. 5 June 2020 there was a surprise US jobs report that let to further gains in the stock market and my largest 1 day gain in my IBKR portfolio so far. 

The last GFC I did not breakeven so fast. We are talking 3 months March-June.

 So looking at last GFC, I'm also wondering whether its just a dead cat bounce like what the bears are claiming. But wondering about something didn't prevent me from investing when valuations are undemanding.

STI's recovery is going to be a little slower, but I believe that with sensible government policies and forward planning, the recovery will still come. STI 3,000 in 2-3 years' time should be achievable.

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