Thursday, 4 June 2020

STI ETF above my average 2020 price

I'm looking at my screen over lunchtime on 5 June and noticed that STI ETF has gone back to 2.766. As I have mentioned before, my plan was to buy STI ETF when it dropped below $3, continue to average down, and hold on till it recovers. In a matter of 3 months, STI ETF has gone back above my average price. The last time I did this was during the GFC when it dropped a whole lot more but nevertheless still recovered back above $3. I guess the strategy worked again.

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