To The Moon

[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