This is the last day of the month of July 2020 where I share my money growing ideas, stock transactions and stocks I am watching. Basically, you can call it a self reflection if you want to. This helps me remain focused and on track towards building up my retirement portfolio.
“Don’t Allow Your Busy Life Tear Your Focus Apart”
In July, many REITs such as Mapletree Commercial Trust and CapitaLand Mall Trust has announced their quarterly financial results. As expected, shopper traffic and tenant sales were impacted by the eight-week circuit breaker and other COVID-19 restrictions. Gross revenue was weaker than expected.
Frasers Logistics and Industrial Trust and Manulife REIT are announcing their financial results on 3rd August 2020. Let us see if they sustain their financials better than retail REITs.
The negative financial results of MCT and CMT has again introduced some volatility in the stock prices. I will consider increasing my allocation of CMT in my stock portfolio should stock prices fall to attractive levels.
Looking for low risk investments to grow your money? I have earlier wrote about Dash-EasyEarn. In fact, I have signed up for it with the intent to use it to build up my retrenchment fund. With 2% interest rate per annum for the first year, this is the current best option out there to grow your money.
You might be asking why I am building a retrenchment fund? Since the COVID-19 pandemic, Resort World Sentosa (RWS) has announced a retrenchment exercise. This week, SIA announced that they are slashing their staff’s salary. I am taking precaution by building at least 6 months of my current salary. Since Dash-EasyEarn allows flexible monthly top ups, I shall be stashing 20% of my monthly salary into Dash-EasyEarn until the maximum allowed of S$20,000.
Last but not least, the recent post from “Lady, You Can Be Free” has motivated me to invest in my self learning. She has shared a few free courses and I have signed up for them to earn a few free certifications.
Never stop learning!