The financial markets rebounded from the low levels in December 2018. The equity markets did well in April, up till now. Even the Straits Times Index (STI) had re-bounded from 3,068.76 points at 31.12.2018 to 3,362.43 points today, up 9.6%.
Within this month, I had sold off 3 unit trusts:
- First State Regional China Fund A6 SGD-H
- BlackRock European Equity Income A6 SGD-H
- LionGlobal Singapore Dividend Equity Fund SGD – A
These funds had risen to a level that I could sell off and reduce my exposure to these funds. These funds were down 15.2%, 10.2% and 12.2% respectively on 31.12.2018.
By doing this, my overall portfolio was down only 0.7% as compared to –3.07% on 31.12.2018. This was an improvement of 3.0 percentage points.
From this time onwards, I will be sitting out from investing and watch out how the financial markets are moving in the next few months.
Copyright © 2019, limkimtong for Living Investment
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