Income+ Fund for Retirees and Ultra-Conservative Investors (like me)
1-year ahead probabilistic returns forecast using Ridge Regression and Monte Carlo Simulation Acknowledgement: Data kindly provided by https://EODHD.com , the innovative data source company with the widest range of financial markets data from over 60 global Exchanges. Introduction As a Singaporean retiree, I need to make my money work for me to earn some side income. But my risk appetite is very low, and so in addition to money market funds, I am invested in Trust Bank Singapore’s Income+ Fund. This is a Fund that distributes monthly dividends and its mandated portfolio structure is: a) 34% Emerging markets and Asia fixed income (b) 33% Developed markets fixed income (c) 33% High dividend yield global equities. In this post, we take a look at a model that simulates the performance of Income+ Fund and projects its probabilistic returns 1 year ahead. The model uses established US-listed ETFs as proxies, and your assets and dividends will be in Singapore Dollars. ...