As more details surface about my wife’s new role from the major restructuring at her bank, it’s become clear that she has to do more work and manage more people but only with a small base pay increase. And her bonus for this year is terrible, just a token gesture that is better than nothing. While she’s fortunate to still have a job after such a bad year, her life at work should be tougher and more difficult to handle from next year onwards. Career progression comes at a cost after all. Just depends on whether you want to pay the price for it.
Anyway, I have heard about the launch of the Lion-OCBC Securities Hang Seng Tech ETF (HST) for a while now. But I was wondering what is a convenient way for me to invest in it. That’s when I noticed its addition to one of the ETFs available for investment on the OCBC Blue Chip Investment Plan (BCIP). I have a fixed monthly contribution amount to the OCBC BCIP as part of my Dollar-Cost Averaging (DCA) strategy. I didn’t want to change the total amount because that would mean committing more cash funds to it. So I decreased my OCBC BCIP monthly allocations to the Nikko AM STI ETF (G3B) and Lion-Phillip REIT ETF (CLR). And freed up those amounts for the Lion-OCBC Securities Hang Seng Tech ETF (HST).
I have always wanted to lower my exposure to the Singapore stock market and raise my exposure to the Technology sector. Seems like a good way to position myself for the future. I reckon there’s still value in the Singapore stock market but it’s just not going to grow the way global stocks can, especially the ones in US and China. I prefer to keep a diversified approach to my investment portfolio with a large cash balance on standby, but making changes to the weightages with any significant developments. That’s how I plan to navigate the uncertainties when it comes to investing.