Here It Comes Again, The Bull That Just Won't Go Away

This time, it is the result of the first round of French elections that spurred the latest recovery of stocks. Europe is leading the way. I will wait until 7 May, second round of the election,  before I go back into European equity funds.

BEST PERFORMING FUNDS (LAST UPDATED APRIL 26, 2017)
Best Performing (1 WEEK)   Fund Name % Fidelity Italy A EUR 9.19 Fidelity France A EUR 8.55 Henderson Hzn Euroland Fund A2 EUR 7.39 HGIF Turkey Equity Fund SGD CL AD 6.83 HGIF Euroland Eqty AD EUR 5.96	Best Performing (1 month)   Fund Name % Amundi India Infrastructure Fd SGD Cl AS 7.89 Fidelity France A EUR 7.08 Henderson Hzn Pan Europn Prop Eq-A2 EUR 6.95 HGIF Turkey Equity Fund SGD CL AD 6.72 Henderson Hzn Pan Europn Prop Eq-A2 USD-H 6.04
Best Performing (3 months)   Fund Name % Amundi India Infrastructure Fd SGD Cl AS 20.56 HGIF Turkey Equity Fund SGD CL AD 20.08 Eastspring Inv India Discovery Fund SGD AS (H) 15.36 First State Regional India Fund 15.35 HGIF Indian Eq SGD AD 15.18	Best Performing (6 months)   Fund Name % Blackrock World Financials A2 USD 22.53 Parvest Eq USA Mid Cap Classic Cap H SGD 20.05 Parvest Eq World Finance EUR 19.62 Blackrock European Spec Situations A2 GBP-H 19.02 Parvest Eq USA Mid Cap Classic Dis USD 18.01

A Mid Term Pull Back of Equities Likely

There are tentative signs that a pull back of between 5 - 20% is likely for most equities. S&P500 is definitely pulling back, so is Europe and Japan. Many small caps in Singapore are beginning
to tumble after spiking up. The correction is likely to last 1 to 6 months but is unlikely to be the start of a bear market.

My asset allocation for unit trusts is roughly 40% equities, 60% bonds for now. A big bear market of over 20% in correction is likely to occur at the end of 2017 or early 2018. Stay safe.

Nine Things to do in Your 20s to Become a Millionaire by 30

http://www.independent.co.uk/life-style/9-things-to-do-in-your-20s-to-become-a-millionaire-by-30-a7377801.html

A very good article that I wished I read when I was 20. It's never too late! 

How to Invest Risk Free into Equities

I've thought about certain circumstances where a stock has risen beyond fair value and continued to be overbought. I was worried about pullbacks wiping out my capital. Take for example, if I went long into Apple at 100. It is now 141 and overbought. USD100k turned into 141k. What do I do next? I could sell all of my Apple and harvested USD141k. But if Apple rallied to USD150, I would have lost a further USD9.

An alternative is to remove USD100k. Keep USD41k in Apple and let it run. The rest of the exit rules apply. If it rises to USD150, I would have made a further USD8k. If it falls back to 100, I would have my profit reduced to USD30k but my principal remained in tact.

I could do that for every stock I buy until my entire portfolio is risk free!