My bonds are as liquid as cash, as they comprise of mainly SSB and FCT3.65 corporate bonds. There are 1% cash in SRS for potentially exercising of rights issues, and 1% in CDA account for my children’s education expenses.
Approx. 35% of my portfolio is SGD shares, approx. 35% USD in shares, and 30% in HKD. Hence if USD dipped against HKD or vice versa, they are somewhat hedged against one another within my portfolio. The risk is with both USD and HKD depreciate against SGD. But then again, I have 27% gold and silver to hedge against depreciating USD and HKD.