The first arrow shows the STI performance in 2012. The second arrow shows the performance in 2013 so far. The conclusion? The market has been flat. All the gains in the first half of 2013 were wiped out in just one month and till now, the market has been flat.
My portfolio has been flat too except for the one US stock which i bought that doubled in value. For the SG market, the returns are very minimal except for the average 5%-6% dividends i'm getting.
Let's recap. The wiped off were mostly due to the fall in REITs. I've blog about the REITs phenomenon where almost all the reits fall at the same time here. This is due to the fact that the Federal reserve may end QE soon and cause interest rates to rise.
I still keep to my believe that interest rates will definitely rise in the future. No matter how long they delay the end of QE, it will still end. It is a matter of time. Property is still hot in Singapore. Reits were also hot in the market. This will end soon. Very soon indeed. Even our minister says property prices will not keep going up. Have you prepared yourself for what is about to happen?
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