Thursday, 2 January 2025

Beginning the year by stock-picking

 In Jan 2022, my resolution was to stock-pick less and buy more World and S&P500 ETF. I managed to stick to this resolution (more or less) in 2023 and 2024 which lucky given the S&P's performance. An older version of me might have been tempted to buy REITs instead which looked 'cheap' while S&P500 looked expensive. But I have learnt never to underestimate the power of the S&P500.

Anyway, I've started the year stock-picking. On 31st Dec I initiated a position in NVO after it crashed and continued to accumulate today. Also bought more NKE and UA.

SGD has been weakening against the USD and I suspect that it will continue to do so. I changed more USD today and put some into IBTU. I will probably add more USD to the FSMOne Autosweep account as well.