Most of the counters in the portfolio are trending sideways or dipped slightly due to worries about the worsening of Coronavirus situation globally as economies are opening up.
Executed portfolio rebalancing actions:
Sold Starhub at $1.39
Bought Mapletree Industrial Trust at $2.73
SRS portfolio value inches up $2.7K or 4%.
Collected all the dividends for 2Q 2020 and started to build up more than $1k in war chest.
Achieved a passive income of more than $7k from the first half of 2020.
The stock market is in a limbo state. Not fearful enough for a huge correction and yet no positive catalyst for further run up.
I believe there will be further weakness and downside to the stock markets till Nov 2020, when the US presidential election takes place and after which we shall see the real long and gradual recovery of the global economies as the virus tapers down and full effects of recession kick in.
Nonetheless, my plan is to stay invested by picking up undervalued bank counters such as UOB and accumulating more solid Mapletree Reits slowly in 2H 2020.
Thanks for reading.
Love and Peace,
Qiongster
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