Fund 💰
1. What is your fund investment strategy for 2023? Which funds did you invest in?
I invested my most money into the $Fullerton SGD Cash Fund(SG9999005961.MF$ when interest rates were high because it's stable and doesn't involve foreign exchange or currency risks. This fund aims to keep my money safe while also earning a profit by investing in low-risk funds. Funds like this are typically safer during uncertain market periods because they are less affected by market ups and downs. Additionally, I’ve allocated some of my investment into the $BNP Paribas USD Money Market(LU0012186622.MF$. This fund offers stability and liquidity, serving as a safe place for USD funds while producing moderate returns. It's good for making short-term investments or keeping cash reserves.
2. How did your fund investments perform? Were there any surprises or disappointments?
In fact, it's quite good. No surprise or disappointment as compared to dividend stocks, Cash Plus has a lower risk of losing money. It's a good plan to aim for higher profits with less risk compared to regular savings accounts. Usually, Cash Plus yields around 3-5%. Funds like $Fullerton SGD Cash Fund(SG9999005961.MF$, $CSOP USD Money Market Fund(SGXZ96797238.MF$ may not offer as high returns as stocks, but they've never had negative returns, making them a safe place to keep money while waiting to invest in stocks.
3. What is your outlook on fund investment for 2024? Will you be making any changes to your portfolio?
In 2024, I'm considering adjusting my investments, and my primary choice remains a money market fund for better liquidity. While reassessing my portfolio, I'll consider interest rate fluctuations, the global economic recovery following the pandemic, technology improvements, and geopolitical issues. Adapting to emerging opportunities or market changes will guide my investment choices. I'll look into diversifying across assets as well as funds tied to growing sectors or emerging market trends.
4. Which funds do you have high expectations for in the upcoming year and why?
Looking ahead, funds to consider for potential growth include long-term government and high-quality bond funds, like $iShares 20+ Year Treasury Bond ETF(TLT.US$, offering yields of 3% to 4%. These funds might be good because they could benefit if interest rates go down. Also, dividend funds from strong companies might be worth considering for higher dividends of 5% to 8%. These could be good for steady returns, but please DYODD before investing. ![]()
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