Howdy, visitors! Here’s the quarterly update of my POSB Invest Saver Plan for the 2nd quarter.
ABF Singapore Bond Index Fund (A35.SI)
| Date | Units Bought | Units Sold | Net Units | Price ($) |
| 26-Apr-16 | 84.97 | -0.97 | 84.00 | 1.171 |
| 25-May-16 | 85.11 | -0.11 | 85.00 | 1.169 |
| 25-Jun-16 | 84.32 | -0.32 | 84.00 | 1.18 |
And here are details of my shareholdings, amount invested, and market value thus far.
| Current Shareholdings: | 1,795 |
| Amount Invested: | $2,086.15 |
| Market Value (Indicative) from IBanking portal: | $2,103.66 |
Updates
Ever since the share lot size decreased from 1,000 to 100 at the start of Jan/2015, I had been trading off and on using SCB trading platform. However, because of their recent announcement of introducing a minimum commission of $10 per trade, I no longer find it feasible to continue trading because of my low capital on hand. I have since sold off all my holdings of 20+ shares (most of them were 1 lot) in early June.
Investing in the A35 Bond index is a very conservative move back when I started out my journey. As such, to continue on, I will open an Invest Saver plan to invest my idle capital into Nikko AM STI ETF (G3B.SI). The commission charge of 1% is definitely going to hurt, but buying it for the long run should yield me a better return than fixed deposits.
Look out for future updates for both plans!
-Alvin
Let there be White Noise 