"Sell in May and stay away."
Somehow this has been the trend and for some reason, a series of events will always be lined up for this phenomenon. Every year, without fail.
It is, again, another volatile month. Major news outbreaks shook the global economy, ranging from interest rate hikes, inflation, recession in China, political and economic crisis in Sri Lanka, war in Ukraine, oil sanctions.. almost all events pit against the upside of economies opening up as the world start to get over COVID.
And then, the world's attention turned to Musk's decision to acquire Twitter, and the crash of Luna. Cryptocurrency market plunged.
Huge sell-offs as the performance (or the lack, thereof) are starting to surface in public. Could see lots of businesses struggling to position their already weak balance sheets or financial standing to retain whatever faith in investors that remained.
As expected, all my stocks took a hit this month. I was not very surprised, but still bear that sian-ness that there goes my chance to capitalise on opportunities within the volatility. Boat has come, but I 'could not afford the ticket to board'.
I only entered MIT to average down my price, in addition to saying 'yes' to scrip. As for MCT, I voted for the merger. Other than that, not much activities for me, as I do not have sufficient funds in my warchest to play with.
Will be looking forward to some payouts in the coming months. Hopefully enough for me to consider pumping it back into the warchest. Else, shall use it to pamper myself~
Looking forward to July, where the public service shall receive their bonus. Either goes into my family trip (if there is), or it goes into my warchest :)
Warchest: 180.42
Dividends received YTD: 687.06