The month of May 2020 is gone at the blink of an eye. During the end of each month, I will provide a summary of the stock transactions or actions that I have made for that month. Since April, I have stopped purchasing Singapore Savings Bonds as the interest rates had fallen to unattractive levels. The interest rate is only 1.05% for holding the bond for 10 years.
High Yield Low Risk
Not to worry, I have found a better place to deposit your money, which is the Singlife Account. The best thing I like about the Singlife Account is that it delivers a return of 2.5% per annum for the first S$10,000 deposited.
The interests collected goes back to my CIMB FastSaver account.
I did not make any stock transactions this month. As the stock market stages its recovery, I am slowly building back my cash on hand too. During the stock market crash, I have deployed some funds to add a few quality stocks to my stock portfolio. I am glad the stock prices have since recovered and I shall monitor their performance before increasing my position on them.
The stock market can remain volatile as the COVID-19 pandemic has re-ignite the argument between the two big countries. With Beijing imposing new national security laws on Hong Kong, this has shaken the stock market as well. A few financial bloggers such as Brian (A Path to Forever Financial Freedom) took opportunity to load up on their favourite stocks. What I am trying to say here is that even if you missed out to buy stocks at incredibably low prices during the COVID-19 pandemic stock market crash, there are always more opportunities ahead.
The very last thing I wish to update here is the MCO card. I have signed up for the Ruby Steel (Red) MCO card. I am still waiting for the card to arrive. If you sign up using my MCO referral link, you and myself will receive US$50 in the form of MCO token.