Caveat Emptor

Maybank Kim Eng recently made revisions to its Monthly Investment Plan.  This directly impacted my ongoing monthly DCA of the STI ETF. Essentially, to clear off the odd lots accumulated throughout the DCA, I will need to liquidate my odd lots before 31 Dec 19. I was hoping that the market recover to a normalised / inflated level before the end of this year so that I can liquidate a portion of that counter for a modest profit.  DCA of the STI ETF is designed for the know nothing investor whom does not wish to time the maket, but wish to gain diversified exposure to equities at a low cost. Essentially, it grants a diversified exposure of the 30 largest companies in Singapore with a skew towards financials. As long as you believe that Singapore will continue to grow and be prosperous over the long term, and the underlying companies will cement their hold in Asia and participate in the ASEAN growth story, it is relatively cheap compared to its future prospects. That wa...

DCA of STI ETF I have started my investment journey since June 2016 in the depths of the Singapore recession. Graduating at the onset of a recession is a calamitous time. Nonetheless, after I have built up sufficient savings to meet any immediate needs for the next 3-6 months, I started on DCA of STI ETF (ongoing) on a monthly basis and OCBC (discontinued since Apr 2017) since then. There had been many bloggers espousing on the merits of the STI ETF and equally vocal opponents criticising on its numerous limitations. On my personal front, I adopt a hybrid (passive  + active) approach towards my portfolio. My passive approach is to allocate fixed sum of my monthly income into DCA STI ETF.  My tactical approach whereby I actively screen and pick stocks. I will plant them in my watchlist and monitor them if they have dropped down to attractive valuation levels. I will set aside a war chest to capitalise on potential market dips / heavy correction / general optimism and pes...