For the month of February, the stock markets (STI and US Markets) had a decent rally, which carried on into early March.
Fundamentally, nothing much has changed, and the outlook continues to be bearish. As such, I will not be adding any equity positions till I see a stronger bottom for the market, and whether this rally can sustain.
One of the major changes I made was to switch out my USO ETF (Oil ETF) for XLE (SPDR Energy Sector ETF). The XLE consists of the major oil and energy companies in the US, which is reasonably correlated to oil prices.
The reason for this switch is that USO has high carrying costs, which is not so ideal for my long-term passive income strategy. A big thanks to one of my blog readers who informed me of this.
Since my previous post predicting the rise of oil last month, I am glad to see many banks and institutions also issuing similar buy calls for oil.
For my total assets, 9% was kept in Savings & Liquid Assets, 21% was Non-investment Assets, while the rest (70%) was used to build my investment portfolio.
For my investment portfolio allocation, there is a small amount in Fixed income (6%), slightly more in stocks (23%) and commodities (11%), and the rest was in cash (30%), Trading Accounts (14%) and Misc Investments (16%).
Stay tuned for next month’s update, or subscribe for our mailing list to receive monthly updates in your email!
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POPULAR BLOG POSTS IN FEBRUARY
- Did You Get Your Ang Pao from the Market this CNY?
- The Big Short – Is Something Brewing in China that is “Much Larger than Subprime”?
- Window of Opportunity: Is Now a Good Chance to Buy Oil, and How Can You Do So?
- Thank You Thomson Reuters for the Exclusive Media Invitation!
UPCOMING EVENTS FOR MARCH
We will be having our monthly training workshop next Monday (14 March, 7-9pm), where I will be coaching new traders how to select products to trade, and the unique characteristics of each product. As part of the training, we will also be reviewing our trading results, and look for new trading opportunities.
Lastly, I will also be sharing about the fund trading opportunity. They will also get to see my full trade records, and every single trade executed. This is a great learning opportunity to gain practical experience, instead of just relying on theories and book knowledge.
(Note: New attendees can also collect their training materials and reading list during the workshop to commence their home study.)