I will be off from work on block leave from today for 2 weeks. Will be flying off to Greece tonight for a holiday. I have been looking forward to this for a while and hope it gives me time to clear my mind. And figure out what I want to do with my current work situation. Although additional resources have not been diverted into my team to help out, the situation remains dire. Let’s see if it improves when I’m not there.
The threat of new tariffs has escalated the trade war between the US and China. Consequently, the equity markets dropped and my reaction has been to manually transfer small sums of S$100 each day into our StashAway and Smartly robo-advisor accounts to buy into the dip. Nothing significant has happened to justify a permanent increase in my monthly contributions for investments.
I keep reminding myself to be patient with everything. It’s the same with my wife. We are at a tipping point when our work and personal lives might undergo major changes by the end of the year. Monitor the developments and take action accordingly. That’s what I’m going to do. Hope it works!
MMF Solutions says
Yes, The threat of new tariffs has escalated the trade war between the US and China. Stock prices have dropped like anything. Hopefully things will improve in the days to come,
Finance Smiths says
I’m a net buyer of ETFs for now. I actually prefer for stock prices to drop so I can invest more. The situation would be different if I’m a net seller of ETFs i.e. need to draw down on my investments for living and other expenses.
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