Friday, June 5, 2020

Week Of Record Market Melt-Up - Swoosh Recovery Above $600k

Outperformed the STI by 12.72% YTD

Top 10 Holdings

Many readers asked me in the past why I focus big on banks and quality REITs since 2016. In my opinion, it is rather obvious that the local market's niche is banks and REITs. More traditional 'legacy' businesses were deteriorating or being disrupted. SMRT, NOL, Noble Group, SPH, Starhub, SingPost, SIA etc etc, you name it. The writing has been on the wall for quite some time. Sooner or later, well-run REITs should become big caps in the local market. Well, we are witnessing the transition now. The stubbornly-low interest rates since the 2009 GFC helped too. I am just staying ahead of the curve. Now, I am seeing more of my vested REITs becoming blue-chips on the STI. Keppel DC REIT could very well be the next prime candidate for inclusion to the STI by the end of 2020.

Inclusion of REITs to the Straits Times Index:
- Mapletree Commercial Trust on Sep 2019
- Mapletree Logistics Trust on Dec 2019
- Mapletree Industrial Trust on Jun 2020

Remember a particular camp of fear-mongers proclaiming the crash of REITs back in 2019 when the US Fed was hiking rates? Or the fearful majority predicting the end of the world back in March 2020? Oh, how the tide has turned! Followed my plan and accumulated more DBS and UOB shares in March, when the coronavirus fear was at its peak.

Time in market beats timing the market. Sit back, relax and ride the recovery wave up!