June 2019, I was worried about a market downturn and didn't buy any shares. I used my funds to subscribe to 18k Astrea V and 3k Frasers Centrepoint preferential offer/excess rights.
For July 2019, I turned cautiously optimistic enough to put part of my free cash flow into equities with the rest going to build up my warchest. Spent about 10k purchasing:
- Vanguard 3085.HK
- Aviva
- Sembcorp
- Frasers Hospitality Trust
- iShares LQDE
Purchases were done before traders started to believe that Fed would cut rates, so I benefited from the 'rate cut rally'.
Yesterday the news reported nearly 0 growth for the quarter, suggesting a slowdown, but STI still inched up due to the rate hike rally.
Risks are still present, but I think the situation is not so bad that I should stop buying altogether.
No comments:
Post a Comment