Late last week and earlier this week, there was a dip in the stock and crypto markets. Some of the SG stocks on my watchlist such as Sembcorp Industries, Singtel, CapitaLand, Dairy Farm and ComfortDelGro fell and I picked them up. Likewise for the US stocks and US ETFs on my watchlist such as Palantir Technologies & Unity Software, Invesco QQQ, Ark Innovation and Ark Fintech Innovation. I also transferred some funds into my OCBC RoboInvest portfolio. My cryptos portfolio is spread out across several types (Bitcoin, Ethereum, Binance Coin, Ziliqa, Stellar Lumens, etc) so I bought small amounts of each.
All in, I invested about S$15,000 to buy this dip in the stock markets. It’s not much because the dip is not significant and just an opportunity to use up my idle cash to build up my investment positions. Plus I don’t see a need for me to get too aggressive on minor dips. There has been a slight rebound since so I have just gone back to waiting on the sidelines. And letting my weekly automated Dollar-Cost Averaging do the regular investing work for me. Anyway, with my bigger investment portfolio, the dividends I’m receiving these few months should be higher than the same time last year. I’m hoping for a more sustained economic recovery so that 2021 can be a better year financially and work-wise than 2020.
Hello! How do you choose which crypto coins to buy? Thanks!
Hi, I just buy cryptos within the top 50 by market cap and choose within what’s available on my CoinHako account for trading.