Dear readers, some years back, I made my first movement of monies. The move was from equities back to savings as I analysed the stock markets and found that the stock markets would become more volatile going ahead, with a possible stock market correction.
My movement was justified looking at the play of the stock markets, notwithstanding that the stock markets have not reached a point similar to the 2009 stock markets correction. I remain happy at my actions as I looked back at stocks, some which are supposedly good stocks, be they local or overseas one: their stock prices have become lower and I would have had paper loss if I have invested in them. Hence my strategy back then was to accumulate capital, to be used at attractive stock market opportunities.
The second movement of monies occurred recently with the flock of capital towards fixed deposits accounts which offered higher interest rates. I was again early into the game, investing in earlier tranches of Singapore Savings Bonds (still at decent interest rates). And I have also been deploying my pockets of monies into other short-term fixed deposits or those money funds with no lock-out period. This strategy is to make use of current high interest rates to earn more monies.
There will be a third movement of monies and I shall explain it in the next posts.