Friday, May 10, 2019

Dividend Warrior's Latest Buys - Accumulating 'Middleman' Businesses


Last month, I wrote an article on the 'Middleman Economy'. Thanks to Trump's tariff tweet, Mr Market gave me a chance to pick up some well-run 'middleman' businesses such as HRnet Group, APAC Realty & Propnex. Tens of thousands of property agents and recruitment agents slogging out there in the economy. I also initiated a small position in F&N. It has a 20% stake in Vinamilk, which has been growing well 2017-2018. Be greedy when others are fearful. Do your research, draw up a plan and follow the plan. No opportunity to add any quality REITs as all of them remained resilient this week despite an escalation in the US-China trade war. My theory is that if the trade war crimps global growth this year, the Fed is more likely to maintain rates or even cut rates. Guess which asset class will benefit from a rate cut? (。•̀ᴗ-)✧

1 comment:

Sam Soo, what else? said...

Young and promising. Congratulation! I am a fan of Mapletree REITS. All 4 of them. And your info is a good gauge of your far sightedness.

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