I sold off another 10% of my portfolio of Singapore shares. The total sales for this month is 37%. My target is to reduce my portfolio by 50% within the next few days. I have another 13% more to go.
I believe that the Singapore market is too high. I like to take profit and keep my money in the money market fund to earn 3% interest.
I am keeping my holdings in the combined funds with NTUC Income for the time being. They are largely invested in global equities and bonds, and are more diversified.
I think 3% return from deposit is a bit low. Shouldn't you consider investing in Property market. It is bullish at the moment & certain property offered with deferred payment.
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