Many medias spread fears during the US president election, by injecting a market sell-off expectation should Donald Trump became the elected president of US. What happened eventually was the reverse. Markets rallied strongly, especially US. DJI is just a few points away from 20,000 psychology resistance. Even the lackluster STI breached 2900 as a result.
Will the rally continue in 2700? Only God knows! My part is to stick with the plan and probably be slightly defensive in my portfolio management.
As a result of the rally in equities, low cost portfolio XIRR YTD was 7.4% as of 30 November. XIRR since inception went back above 4% at 4.54%, beating CPF SA return, which I used as a benchmark for my low cost portfolio.
Telcos have been hammered for various reasons. Some said the drop was because of the arrival of the 4th telco. Others believed the drop was because of their "bond-like" characteristic in the portfolio for their stable dividend. I tended the agree on the later, because it's not only Singapore telcos that got sold-off.
At $3.65, Singtel traded 3.4% higher from my buying price in January 2016. Amongst the telco, I perceived Singtel to be the most resilient due to it's more diverse and regionalized business.
Time passes so fast and we're at the end of 2016. Yaruzi will take a break from blogging to spend some quality time with his wife and daughters, try nice food, and explore some cities and their public transports.