As bees are attracted to flower, investors are attracted to good business priced at a discount. The market continues to slide and it’s really hard to resist the buying temptation. With my portfolio going 25% down year-to-date, I decided to dip into my fund again to add more DBS at $17.59 (avg. $21.4), Ascendas REIT at $2.55 (avg. $2.99) and Parkwaylife REIT at $2.60 (avg. $3.20) yesterday.

I have wanted to buy a bit more Intuitive Surgical, Ulta Beauty, Starbucks and VISA last night but the price rebounded quite a bit before I went to sleep, so I decided to wait for a while. There will be probably opportunities to buy them cheaper within the next two weeks.

With the above deployment, I am almost done with my buying for this market. The final dip in my fund will come if my portfolio continues to drop to -35% to -40%. In the mean time, I will just continue to use my CPF-OA to average down on STI ETF.

As mentioned in an earlier post, I have decided to double my holdings in four rounds as the market drops. Lo and behold, this was done within just 10 days.

Screenshot 2020-03-20 at 9.01.54 AM

So what’s next? Looking at the amount available in my CPF-OA, I decided to continue to do another 4 rounds of averaging down. However, I will increase the interval in which the price drops before adding. Instead of adding at every $0.15 drop, I will add for every $0.20 drop for the next two rounds and $0.25 drop for the final two rounds.  In another word, I will attempt to buy at $2.20, $2.00, $1.75 and $1.50.

I am also going to explore buying some unit trusts with CPF-OA. While I would have preferred to simply buy ETFs, overseas ETFs are not available for CPF-OA.

Finally, I would like to reiterate that my investment timeframe is 3 to 5 years. And if necessary, I probably can hold these investments for a decade. So I reckon that the odd of making a good positive is with me.