Don't look at the August numbers.
July was only the second green month for me.
At that's because I was on a trading hiatus because of all the losses I've suffered this year.
It is good respite, although I really should make more effort to keep the discipline of not getting itchy-fingered and placing gambling trades in check.
I have half a month left to recover from the August losses.
Let's see what happens to Gold miners in the coming two weeks.
Another month that has been relatively dry.
Right now the point is to shore up and reposition my portfolio to maximize potential in the coming macro environment while minimizing potential downside.
So dividends taking a backseat.
I have loaded up heavily on Gold, Gold miners and defensive stocks.
Hopefully this pays off as I pave the way to get back to a similar portfolio size as pre-COVID19 days. Expected to achieve this by year's end if things do not deviate too drastically.
17 July $22.12
27 July $115.07
In more ways than one, I feel very lucky in this unfortunate COVID-19 situation.
Family life has improved so much.
Health has improved so much.
Work is still going well even though we WFH a lot more now.
Kids are growing up so well.
Only the investment front is suffering although it will not be long before I get back to pre-COVID levels, which it its own way, is a good thing.
The recent Appendicitis surgery also put things in greater perspective as we dawn upon a tough situation the world currently sees itself in.
It was a very successful surgery. I am recovering very well. The insurance claims were seamless.
I was actually working that very Tuesday after the long weekend!
There is really so much to be thankful for and long may this bliss and prosperity in my life continue.
HUAT AH!!!
The world around us is changing. It is not the same as it was before. There is going to be a lot of pain in many industries and many countries as all of humanity grapple with this devastating epidemic.
The economic front of Singapore is also changing. We cannot rely on our past successes anymore. As Transport Minister Ong Ye Kung said recently, Our two ports, Sea Port and Airport are our two lungs. While the Sea Port is still functioning, it is not at its capacity it used to be. The airport is not functioning well. It is decimated. This impacts so many industries inherent downwards from tourism, hospitality, business and gig economy.
Many people are going to lose their jobs. Seriously.
Our populace has to adapt and reskill and retrain.
We also hope that our leaders can guide us in the right manner, out of this crisis, which could last between 12-24 more months.
While talk of a vaccine is rife now, it is still clear that things will never go back to normal.
Singapore cannot rely on domestic tourism to survive. We will have to pursue other strategies to stay ahead of the curve.
I hope we come out of all this in a position of even greater strength than ever before.
Bless us all.