For 2023 in reviewing my investments. The Fullerton SGD money market funds provide stable interest income. I invested in the fractional US stock s in tech, oil and defence sector. In hindsight should not have invested in the defence stock. They are performing as I anticipated. I have invested in one fixed income fund which I divested before the FOMC rate decision. The fund has gone up since then. Going forward in 2024 we will go in for the bond & equity funds since the Fed has indicated 3 rates in 2024
I am bullish on Netflix (NASDAG. NFLX) after increase in 3rd qtr earnings due to crackdown on share passwords and increase in Premier accounts nudge subscriber to their less expensive ad-supported tier account and resulted in a gain of 8.8 million subscribers.
$Alphabet(GOOG)$ Google has booked in a set of good earnings results. Yesterday the FOMC reiterate that inyerst will have to stay higher for longer. The 3 major indexes retreated after the Fed announcement. Our strategy is to accumulate Google on weakness but in small amounts by making use of the technical analysis to find support level for entry.
$S&P 500(.SPX)$ The most recent release on retail sales , FOMC dot plot on rate cuts and robust US economy. The $S&P will continue to move higher before the year is out.
The CEOs of both these commands have a better insight. The shares of both companies having gone up so much that its is no longer a bargain. Time to take profit.
Fullerton USD CASH "A" USD ACC 7 day annualised yield of 5.4556% Although there is a foreign exchange risk converting from SGD to USD and vice visa. The high yield provides a cushion for investing in this fund We will exit this fund once there is confirmation that the Fed will start cutting rate later this year.