Comments:
Just when I thought my portfolio couldn't get any worse, it falls another -5.3% this month! Again i re-iterate, so far this year, the drops has been drastic and the recoveries has been mediocre. I even had to readjust my month on month graph scale to show (a lot) more of the negative side. This month, the drop stems from the S&P500 falling -8.4% on recession fears due to the Fed's major 75 basis rate hike.
Fortunately, the Hang Seng ended on a more positive note (+2.1%) as HK & China reopens from easing COVID cases. This actually helped my portfolio outperform the S&P500. As a result, the Principal Greater China was up +5.0% and also cushioned my VT ETF (-7.7%) from falling as badly as the S&P500 (-8.4%).
Still, my other funds could not escape the US recession fears as they all dropped this month. This includes Europe Industrial (-14.3%), Manulife APAC REIT (-4.4%) and United ASEAN (-6.1%)
There is a RM390 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%).