A better year 2024!! 📈
1. What is your investment plan and outcome for 2023? Were there any challenges that surprised you?
In 2023, my investment plan is to invest money in various ways, such as keeping some in cash until good opportunities come and utilising a technical indicator to monitor how well certain stocks are performing and invest accordingly.
My intention is to be careful with risks and make sensible financial decisions, but it was difficult because there were so many options to consider and challenges, particularly when the Federal Reserve changed its approach to interest rates hikes. To address this, I switched from certain types of stocks to bonds, which are viewed as more secure during difficult times. I think learning from these challenges helped in making better plans for future investments.
My other strategies included putting money into certain funds on a regular basis (dollar-cost averaging) and closely monitoring how well selected stocks and funds performed before making further investments. ![]()
2. Which investment sector gave you the most satisfaction? Do you have a particular fund in mind?
For me, money market funds appear to be a more steady and rewarding option due to their lower risk and consistent returns. Funds like the $Fullerton SGD Cash Fund(SG9999005961.MF$ may appeal due to their stability, my outlook on Cash Plus is positive as it gives me a choice with relatively high returns and flexibility in term of liquidity.
Investing in the technology sector remains appealing due to its ongoing advancements and growth potential. The $Fidelity Funds-Global Technology Fund(LU1823568750.MF$ specializes in tech stocks and has shown strong historical performance ![]()
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3. What is your fund investment plan for 2024? Are there any specific sectors that you are bullish on?
Prioritising cash reserves through money market funds like the $Fullerton SGD Cash Fund(SG9999005961.MF$ and $CSOP USD Money Market Fund(SGXZ96797238.MF$ is recommended for a stable investing plan in 2024, amidst economic concerns and anticipated market reactions to Federal Reserve actions.
Consider defensive sectors like utilities, consumer staples, and healthcare, as well as the possibility of technology and innovation sectors, to add balance to the portfolio. Investing in gold, which is recognised for being a safe haven during times of economic uncertainty, may provide further stability. Just keep an eye on the situation and don't put all your eggs in one basket - spreading out the investment is key to staying safe. ![]()
4. Which fund themes do you think have the most potential for growth?
Technology, renewable energy, healthcare, e-commerce, infrastructure, and defence funds have great growth potential. Money market funds, while not primarily growth-oriented (but I like them), prioritize stability and safeguarding invested capital. Despite not providing the same level of gain as equity-based themes, I like money market funds for their stability, liquidity, and predictability, making them a better choice in diversified portfolios and fight inflation, particularly during volatile market conditions or for short-term cash management.
I'm looking forward to the new Fullerton cash plus fund, which will be released next month. All huat together!! ![]()
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