“Be fearful when others are greedy and greedy when others are fearful” – Warren Buffett
During this month, we seen DOW dropped by ~1000 points and being investors with a long term horizon it presents us with a good chance to accumulate stocks at a slightly discounted price.
1. Indexing Portfolio
USD – SGD Rate: 1.32
This portfolio is inspired by Andrew Hallem who advocates on having low cost index funds. Will keep investing monthly in this for long term and see how it turns out.
2. Individual Portfolio
Took advantage of the minor correction during this month to activate my warchest and bought into the above stocks. With the entry price low enough to give me a minimum yield of 5%, no reason not to nibble a little.
Reminder to self: Not to time the market, the low can get lower and no one can predict.