Monday 1 July 2024

$71,340 1H2024 income ... $142,697 FY2024 estimate

Was looking to divest abit of DBS last Friday, but was unsuccessful, to prop up my 1H2024 numbers. Well, there's always 2H to look forward to 😂 The major bulk of my income came from dividends of banks, reits, bonds etc. Hopefully should still be comfortable for my family of 4 😅


Markets have been mainly sideways for the past 6 months, as many are waiting for USA interest rates to fall to further stimulate the share prices. With upcoming USA elections in Nov, I doubt the Fed would make further changes to interest rates, to show their supposedly independence from politics. There can't really be full independence as the Fed chair is appointed by the USA President right?! 


For Singapore, we don't even try to hide this dependence between Fiscal vs Monetary authorities. Both should work hand-in-hand for the good of the country right?! The world's largest economy is at times disgusting to watch, as many put party over country, false loyalty over constitution *faint* 😓Still be it whoever wins, it should have little impact over the next 10 years on the S&P500 uptrend. Money truly drives the USA economy, and bad politics can be good for business unfortunately ....


In the meantime, I would add to my VUSD.L (S&P500 ETF) if there's some price correction. Looking also to the longer term for the rise of China. Will most probably start picking up some 2800.HK (Hang Seng ETF)

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