Showing off my best performing stock $STI ETF(ES3.SI)$ . Hopefully all my other stocks will slowly increase to the same PnL%.
The Strait Times Index (abbreviation: STI) is a capitalisation-weighted measurement stock market index that is regarded as the benchmark index for the stock market in Singapore. It tracks the performance of the top 30 companies that are listed on the Singapore Exchange (SGX).
As a long-term investment, it's a great investment because it's low risk and low cost. Therefore, it's a good place to start, especially if we want to safeguard our savings from the effects of inflation. STI ETFs are only ideal for individuals prepared to hold on to investments for more extended periods.
Taking the lion's share on the Straits Times Index, the price movement of the following 3 local banks based on 2 Feb 23 will have a proportionately high impact upon the STI:
1)DBS - 19.9%
2)OCBC - 11.9%
3)UOB - 10.8%
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