We began the year with financial markets welcoming the latest product entrant by way of the Bitcoin etfs. There's eleven of them approved and trading had already started. Well, this gives legitimacy for fund managers to gain exposure to a previously sidelined market space and I think there's more to come. As I have only a minor position in Bitcoin, it's not impacted me but if Ethereum etf goes the same way, that would be exciting. Finally, after 18 months leaving cryptocurrencies alone, I'm reviewing my portfolio to see if something needs to be done. This segment is going to heat up.
As interest rates plateau and likely to taper downwards, there's anxiety to find a longer term product to lock current rates in. I got a sizable fixed deposit that's about to mature which include Aud. Hoping that some banks come up with a CNY promo and I will be first in line to apply. Meanwhile, I still believe in the narrative whereby the SGD is overly strong against certain currencies and there's still room to exchange more.
Tip: Simon Bize Et Fils Beaune Blanc 2019, delicate white flowers with some zest, uncomplicated
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