Dear readers, welcome to the first trading day for Year 2023!
Here we are, on our first post on the first trading day this year.
Our focus today is firmly on Singapore Stocks Markets and So, first let us look at some objective facts: how the Singapore Straits Times Index (STI) has performed in the previous five years, as follows.
30 Dec 2022 (Fri): 3,251.32 (4.09% increase year-on-year)
31 Dec 2021: 3,123.68 (9.84% increase year-on-year)
31 Dec 2020: 2,843.81
31 Dec 2019: 3,222.83
31 Dec 2018: 3,068.76
So what will be the STI on the last trading day of Year 2023?
Last year, the much-anticipated global stock markets correction did not happen and stocks markets have had a fairly okay year. So, entering into the brand new year, will we see the decade-in-waiting stock market corrections finally hit the stock markets?
Or will we see the STI continue to rise as more stock market uncertainties gradually wane off?
The stock market can swing either way this year. But what is important and what investors can do is to continue to build an investment warchest, so as to take advantage of the stock market corrections if it hit the stock markets these years. Ago with expectations of continuation of higher prices of necessities, more savings will only mean more buffer against economic uncertainties.
Tread with caution in the stock markets these years as some volatiles are of fundamental nature and not easy to be resolved. Consider if need to or eager to invest to go in when there are some minor corrections. If unsure of what stocks to invest, consider investing in broad-based ETF like the STI ETF.
That’s all for today’s post. Have a Prosperous New Year ahead!