Sunday, 16 May 2021

Finance Investment Movement 9

I think the market is starting to retreat into cautious territory with seemingly unabated Covid cases. This is in spite of an explosive earnings reporting season although to be rational, this is the result of a low base to begin with. I was tempted to start a new trading account specifically for US market but decided to hold back due to insufficient cash for any meaningful trade.

Instead, my focus was on STI and managed to pick up ST Engg shares at $3.81 for averaging and long term holding purpose. The day after, the price dropped to $3.73 and while no regrets, it served a good reminder of not rushing to buy in when market is trending downwards.

As for crypto assets, I will hold put on current portfolio and continue earning staked interest in the meantime.

Tip: Domaine De Chevalier 2009, nice perfumed aroma followed by a berried medium body experience

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