tigjun21
2023-04-02

[Review 🔴 2023 Q1]

[1] 1Q 2023 most successful investment: Money Market Funds (Fullerton SGD and USD).

[2] 1Q 2023 performance: Positive gains from MMF; slight gain from SGX stocks.

[3] Learning: The banking crisis has led to investors questioning what is really safe, since banks appear not as safe as we thought. But the banks cannot crash because it will be a nightmare to imagine people carrying cash around, and businesses needing to transport bags of cash to offices and workplaces to settle day to day payments, not to mention the tediousness and stress to count the huge stack of money.

Gold is a good hedge but it is hovering around all time high. Crypto bullishness is understandable since bank deposits, especially for small banks, is not as safe as before.

Since MMF is liquid and yielding near 4%, banks really need to up interest rate to attract funds, especially so for Fixed Deposit rates, since FD has longer lock-in period than MMFs. We are really fortunate that nowadays we can easily buy MMFs online, esp. USD MMF.

[4] Investment plan:

Until inflation risk has significantly reduced, it is still my plan to park idle funds in MMF. I am also considering quality S-REITs (esp. Logistics Reits). 


@TigerStars  

Modified in.2023-04-02
What have you learned from the market?
As the first quarter of 2022 comes to an end, let's share your Q1 reviews! What have you learned from the market?
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Comments

  • AugustineMac-
    2023-04-02
    AugustineMac-
    I will keep buying, Mmf is one of the very few on Cronos with enough value locked to survive the bear market.
  • HarryCox
    2023-04-02
    HarryCox
    It looks like the banking crisis is not hard to handle but we still need to be careful.
  • JC888
    2023-04-02
    JC888
    Risk appetite differs and outlook about things in general influences investment steategy
  • Guy
    2023-04-02
    Guy
    Maybe holding more cash is a better choice now.
  • MorganHope
    2023-04-02
    MorganHope
    I would like to hold more gold during this period.
  • RickSanchez
    2023-04-03
    RickSanchez
    fantastic
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