This is a short update on my reaction to the equity markets climbing significantly in the recent weeks. I have lowered the amount we invest per month into the following:
- Maybank Kim Eng Monthly Investment Plan – S$700
- OCBC Blue Chip Investment Plan – S$600
- POSB Invest Saver – S$300
- StashAway – S$600
- Smartly – S$300
It adds up to S$2,500 now and used to be about S$4,500. While I practise Dollar-Cost Averaging (DCA) – no market timing, I also apply Value Averaging (VA) – some market timing. I can always increase the amount we invest per month when I see the equity markets dropping significantly.
But I don’t plan to make such adjustments on a regular basis. Only when I can see the upward or downward trend forming. In any case, the other reason why I’m doing this is to start building up my cash position more aggressively for personal reasons.
There might be life-changing events coming up for the rest of the year and I would like us to be more prepared financially for them. Some are positive and some are negative. But I should write more about them as the situations develop.