STI closed at 2,539.95 this week as compared to 2,623.21 last week, dropped 3.2%. There was little sign of short-covering on Friday. No recovery is in sight.
YTD, my portfolio dropped 4.6% including cash and 6.8% excluding cash in the portfolio. The cash level in my portfolio has reduced to 32.3% after I purchased some Reits. The average yield of the stocks I hold is about 6.2%.
I have not sold any stocks and will continue to make selective purchases.
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