Comments:
September 2021 has been quite a bloodbath with all the related indices falling deep in red; S&P500 (-4.8%), Hang Seng (-5.0%) and KLSE (-4.0%). As a result, all my funds dipped by a total of (-3.1%). The S&P500 slumped due to local COVID19 resurgence and rising treasury yield due to rising inflation. Separately, the Hang Seng dipped as investors get jittery about China Evergrande's potential default. The KLCI also didn't fair too well due to talks about windfall taxes on large local companies as well as the China Evergrande issue taking a toll on the local bourse.
Even my emergency funds in AmBond (-0.6%) was not safe from the dip, affected by the rising treasury yield in USA. Savings was subpar this month (RM 2,127) as we had to spend for some home fixes.
Forward Strategy:
I will continue to Value Cost Average (VCA) into my funds, keeping them at a fixed weightage as follows; United Global Equity (20.0%), StashAway (20.0%), TA Global Tech (20.0%), Principal Greater China (15.0%), United ASEAN (12.5%) and Manulife REITS (12.5%).