Portfolio Allocation Updates (September 2020)

Core Stock Allocation

Total Portfolio Allocation


Transaction Summary for September 2020
  • BOUGHT ISHARES CHINA LARGE-CAP ETF, FXI
  • BOUGHT DBS
The US stock market reached the peak at the start of September and begin to sell-off until towards the end of the month. The market ended the month with a slight rebound. STI pretty much followed the movement of the US stock markets in September, but it has been on a downtrend since June. Unlike the US markets, it did not follow the rally in previous months.

In September, I added a China ETF for my satellite portfolio after the sell-off in the markets. I also accumulated DBS bank, as the bank was named in the involvement of suspicious transaction activities that caused further downward pressure on the price. 

Frasers CentrePoint Trust preferential offering will start this month and I will be subscribing to the new units allocated. The demand for the private placement seems weak and the price of the stock has fallen near to the PO price. Therefore, I may not apply too much excess as the discount is much lesser than expected now.

With the latest news that the US president is infected with COVID-19, another round of sell-off has begun. Many articles have mentioned that October is one of the worst months for stock market based on historical data and is expecting high volatility given that the election is also near. There is too much uncertainty at the moment given that Trump is infected and his campaign will be affected.

If the market does a significant correction, I will take the opportunity to do some accumulation.


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