It's a volatile start to the year. Market sentiments spiraled downward with a few inadequate attempts to bounce back. As the world economies start to recover from the Omicron wave, central banks are gearing up for interest rate hikes. That probably is the trigger of stock market downturn.
Almost all sectors, especially tech stocks and REITs, whose cashflow depended significantly on the bank interest rates, plummeted. DBS and UOB briefly hit record highs before a rapid decline towards the end of the month. Stocks whom we have viewed previously as godlike grounded back to earth upon realisation that they are overvalued. Could the great correction wave be coming soon?
I entered some Mapletree Ind Trust and UMS. Unfortunately, the entry came at a very wrong time. I did not notice that they were going downward trend; kept thinking that they already have hit rock bottom and I entered, not realising that the downward trend has not ended yet. Made a lot of unrealised losses. Had I held for another 1 week or so, things would have been different.
Anyways, despite the funds injection, I was still not able to cross the 50k portfolio value. Considering that now the market is on a downward, I should accumulate my funds to average down my value. But. No money T.T
Update #2
Warchest: 56.07
Dividends received YTD: 135.00
Shall ride the angbao wave happily! Happy CNY!