REITs counters have been battered recently due to the anticipation of imminent rate hike in December.
I have taken the opportunity to load more REITs into my portfolio. I have added CMT, Keppel DC Reit (rights), AA Reit, MCT, CDLHT, ParkwayLife Reit and FLT. Did not see such volatility in CMT prices in recent times. Unfortunately, FCT and A Reit did not come down low enough for me.
Except for AA Reit, which continues its downward trend, the rest have so far recovered a bit from their recent lows.
I do not know whether this is a good time for REITs, but the positive thinking is that I am doing this for long term passive incomes and not getting myself into a REIT quagmire. Still, I am holding some reserves in the event of further REIT decline in December.
We already have two major surprises this year, Brexit and Trump, and who know we may yet have a hat-trick of surprises by year end?
Saturday, 26 November 2016
Tuesday, 1 November 2016
|No.||STOCK NAME||No.of SHARES||PORTFOLIO%||MARKET $|
|AIMS AMPI Reit|
|Starhill Global Reit|
|Keppel DC Reit|
|Mapletree Com Tr|
|Frasers Com Tr|
|Cache Log Tr|
|Accordia Golf Tr|
Bought:- FCL, Accordia Golf Tr.
Dividends collected in Oct: $520
2016 avg dividends/month: $1,040.85 [49.3% up at this stage cf. 2015]
Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).
1. As I expect to receive >1k dividends for both November and December, I will be meeting my target of averaging 1K dividends per month in 2016.
2. I do not think I will ever buy golf club membership, although almost bought Raffles Town Club when it launched in 2000. So, I am indirectly getting golf club "membership" from Accordia Golf Tr and stepping outside my comfort months of February, May, August and November.
3. Current worst performing counter: Sembcorp Indust (24.9% unrealised loss). How low will SCI go?