I sold $20k of SIA 3.03% bonds this month to free up more funds for equity purchases. Glad it is still above $1 despite the depressed market for airlines.
I have been buying a little bit more in September because:
- I am cautiously optimistic regarding COVID19. Infection rates have really dropped in Singapore and the Govt even announced that 50% can go back to their workplaces.
- Abbot's cheap and fast COVID19 test gives hope to a restart of air travel. Airlines/ IATA are pushing the use of this cheap test instead of quarantine.
- September was a down month for the markets (S&P down 5.8%, Nasdaq down 7.3%), and I always prefer to buy in falling markets.