Increasing my cash position
I just like to let you know that I am increasing my cash position and my target is to have about 85% cash. So, as and when possible, I will be selling out the stocks, including those on my watchlist.
The reason for the target is to gear myself up, to be cash rich when good opportunities arises. Over the last 2 weeks, I have not been able to convince myself of any good company at attractive prices, both in the US and SGX market. Having said that, I will start buying again, when there are good companies at attractive prices.
If you are curious, I am "parking" my cash in a local insurance company's money market fund. Hopefully, the interest earned will at least beat the inflation and not cause my hard-earned monies to shrink... do email me, if you wanna to find out more...
As always, this is not a call for you to do anything at all. :)
Have fun investing...
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