Sunday, March 17, 2019
Dividend Warrior Feb 2019 Portfolio Quick Update - Minor Tweaks
Did a little re-balancing in February. Took small profits on Raffles Medical, NetLink Trust and Propnex. The funds were re-invested in Frasers Property Ltd. (FPL). This property developer is like a quasi REIT ETF, holding significant stakes in 4 S-REITs (FCT, FLT, FCOT & FHT), thus enjoys a strong level of recurring income. Furthermore, FPL has a healthy pipeline of potential quality assets to inject into these S-REITs. Lastly, there is no need to fear future cooling measures from the authorities since FPL has low exposure to Singapore's residential property market.
A good friend of mine has warned me repeatedly since 2017 that my portfolio is over-exposed to REITs. He is right. I am an open-minded investor who takes constructive criticisms seriously. Moving forward, I am looking to add one or two non-REIT positions. BIG positions. Time to clear the dust off my photon cannon. $50k available for deployment. This round of investment should push my portfolio value over half a million $SGD.