2022 was a rough year for most people that I have known. Most of the growth stocks got crushed due to rising interest rates by the Fed. Personally, my portfolio was buffered by Singapore holdings which were generally more resilent to rising interest rates. One of the sectors that had outperform the broader market is US defense companies. Demand for their products and services are expected to remain strong due to the ongoing Ukraine war and US will need to restock a lot of their weapons stockpiles after donating a large amount to Ukraine. Other nationals like Japan, Taiwan and South korea are also increasing their defense budget so this sector could continue to remain strong in 2023 until the war stop.

# 2022 Investing Review

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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    [Strong]
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    [smile]
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