It seems the only group of people who still care about the global economy and took decisive actions were the central banks. The US Federal Reserve and European Central Bank cut rates in the third quarter. Following the footsteps of Japan, bond yields in Europe have gone negative too. Slowing growth, stubbornly low inflation and lack of real wage growth in the developed nations. That's the state of the world right now. There is no alternative (TINA) but to hunt for higher yields in REITs and dividend stocks. Assets which are generating stable cashflow are in demand. There is no way the central banks can afford to hike rates and risk a global recession. Interest rates are never going back to the previous high of 5%, not in the near future anyway. Luckily, Singapore is a leading REITs hub in Asia. We should capitalise on this niche advantage.
Top 15 Core Holdings (As of 30 Sep 2019)
Portfolio Cost: S$458, 587
Portfolio Market Value: S$604, 955
Portfolio Overall Unrealized Profit: S$146, 368
Dividends Collected (9M2019): S$19, 210
Current Warchest: S$8, 000
Portfolio Actions in 3Q2019:
- Initiated small position in Hong Kong Land
- Averaged down on Propnex, which overtook Suntec REIT as my 15th largest core holding
- Applied 2000 units for Keppel DC REIT preferential offering
what is the portfoilo management software that you are using
I am using Stockscafe.com
Amazing and congratulation to your new milestone.
Can I ask: do you still buying the REITs that you are holding, since there are moving higher and higher? I am not sure what to do, to buy more, to hold or sell and take profit. please enlighten.
couple qns.. did you cut HRNET already? and why not UOB btw the 3 local banks?
This year, I shifted my focus to non-reits. No fresh buys for reits.
I am just adding through preferential offerings. So far in 2019, I have subscribed to FCT and KDC preferential offerings. MCT's preferential offering is coming up soon.
I'm still holding HRnet. It's one of my bottom 5 positions, less than 1%.
I'm vested in UOB. It is also one of my bottom 5 positions.
what you think of frist reits and oue lippo health care ??
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