Friday, 20 September 2024

Fed cut rates liao, market go ATH again

 Stoks

  • Finally after more than 2 years of rate hikes, JP lowered rates by 0.5% for the first time although I expected 0.25%.
  • 0.5% originally signaled bad news as higher cuts would mean something wrong was going on in the economy.
  • But he assured all is well before markets broke ATH the next day.
  • Didn't buy anything in the US markets but went into FCT for my main portfolio, I always liked the reit due to its pure exposure to SG only.
  • Got a few buys totaling to 10K shares, averaging 5.2% div pa.
  • Will continue to buy more as prices go down, take as diversification from banks and locking in the rates as MMF goes down.
  • Wanted to get more Link reit but seeing it rally to almost 40 made me hesitated.
  • Another strong week for SG banks esp DBS, big bois must be finding places for funds from MMFs to higher yields.
  • All time high close for DBS, still at 5.5% yield not too low yet.
  • Still have around 170K cash in 2 separate accounts for dip buying.
  • Tbh i don't know where to deploy funds if I were to realized DBS gains, US def no go, HK not really into them.
  • No point to kill my goose unless DBS shoots to 60 then perhaps may trim.
  • PF actually hit 52 week highs but still very far from ath since 2022.

US P/L 264205.44

SG P/L 138484.86

HK P/L 184143.40

IBKR C58134.56 $60034.73

Up-ed approx 22K SGD for Tiger, 600 SGD for IBKR




140708.54 SGD 

1.2872 USD FX, currency getting whacked. 








+10000 FCT
















Life
  • Burden Wang has been a naughty boi this week, from wanting to bite neighbour's cat in the start of the week to actually chasing the bicycle when the leash was dropped.
  • Getting angry and biting the treadmill which has officially become its biggest enemy now.
  • Even scrapped my foot when I brought him to lvl 7 cause he decided to long me as I ran up the stairs.
  • Thinking of buying RLX again, jialat the addiction is real. Looking at starbucks, godzilla and vintage GMTs...pkl

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