Comments:
My overall portfolio recovered by +0.7% this month. So far this year, the drops has been drastic and the recoveries has been mediocre :sad face: That said, my portfolio actually did quite well considering the S&P500 ended the month stagnant at 0.0% change - it started the month heading downwards due to recession fears but bounced back up after positive US economic data suggests otherwise.
I guess it helped that Hang Seng was up +1.5% as HK & China eases lockdown measures. As a result, my VT ETF (+1.3%) and Principal Greater China (+3.6%) lifted my portfolio up! My Europe Industrial stock (+2.5%) also helped but it's mostly attributed the strengthening Euro against the Ringgit.
It is not all praise though. My Manulife REIT (-2.4%) and United ASEAN (-2.1%) dragged my portfolio. They were actually doing quite well in the past few months preventing my portfolio from dipping with the market in the first quarter so I wasn't too miffed about this months' drop.
You'll see a RM528 withdrawal from my Euro Industrial stock which is the dividend paid. I decided not to reinvest it as its weightage on my portfolio is getting bloated.
Forward Strategy:
I will continue to Value Cost Average (VCA) into my funds, keeping them at a fixed weightage as follows; Vanguard Total World Stock Index Fund ETF (70%), Principal Greater China (10%), United ASEAN (10%) and Manulife REITS (10%).