$ABF SG BOND ETF (A35.SG)$ Today's closing of 1.098 is lower...
$ABF SG BOND ETF(A35.SG$ Today's closing of 1.098 is lower than the Oct-2018 low of 1.100. At this rate, it may even break the all-time-low of 1.071 on Jan-2013 soon. The recent fall is larger than I expect, esp. when compared to the 10 Yr yield per SG Savings Bond (latest issue: 1.91% pa v. Oct 2018 issue: 2.42% pa). It seems like mkt is expecting inflation to worsen, & will drive up SG interest to a level higher than in 2018.
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股海无涯 回头不是岸 OP : At 1.098, yield is est to be around 2.2% pa, which is better & more liquid than those 2 or 3 yr endowment products offered by Insurers. It's also better than FD rates, but may not be suitable if u need the monies in 1 to 2 yrs, since u may suffer capital loss when selling. I m vested, & after DCA today at 1.105, my aver cost is still much higher at 1.153. I'll probably have to wait for 3 to 5 yrs for my aver cost to breakeven, during the next interest rate up cycle.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Van888 股海无涯 回头不是岸 OP : oh that's sad
Van888 : I am considering buying this is it worth it please suggest
股海无涯 回头不是岸 OP Van888 : I am not qualified to give any advice. What is suitable for me may not be suitable for you. However, I have further DCA at 1.075, & my next DCA target is at 1.050. I m prepared to hold this till the next interest rate cycle (which could be many years), & collect interest in the meantime.
Van888 股海无涯 回头不是岸 OP : thanks for the response nice strategy
102872488 : will go down further in the future?