First, in the cryptocurrency space, the debate over actual valuations versus real world usage is heating up with more voices heard in both arguing for and against. I am a converted believer and shall stay this way. However, the heavy swings in currency prices meant trading opportunities. This could vary around 20% within a week. So I made a couple of intraweek trades and finally took some money off the table, selling Ether at S$1640, making $810 in the process. From this amount, $300 was spent to purchase Bitcoin (at S$46990) which is out of the money at the moment. Net gain is $510 and I am ready to put it back if the price is right.
Second, the Covid vaccine roll out doesn't look like being effective. Although Singapore is one of the first to start, it's no use for business improvement if other countries do not achieve similar levels of immunity. Soon, DPM Heng spoke about property cooling measures while the Covid taskforce cautioned about rising community cases and announced further curbs on social gathering the next day. My conclusion: when the Singapore government gives a hint, it's as good as an official notice so act accordingly. Therefore, I partially offloaded STI ETF and fully sold Capitaland for a combined gain of $700. For the latter, it was actually an intention to keep for the long term but given the situation, I thought better to let go especially when the company had warned of grim losses expected in the next result update.
Tip: Chateau Lagrezette Roseberry Malbec 2018