Thursday 31 August 2023

EC World ... 1st Reit victim from High Interest Rates!

News broke out early this morning that China based EC World Reit has requested for voluntary suspension. With the Singapore investing community's preferance on Reits, some people are naturally still invested in this Reit and disappointed with the suspension of their hard earned monies. 

While personally not invested in this reit, it is a timely reminder that with ALL investments,  for yield or capital gains, they do come with certain Risks. I too have my own share of painful experiences (Hyflux, Noble and other China stocks). 

Reits being highly leveraged businesses are certainly not spared from the rapid rise of high interest rates. Coupled with China trying to rebalance their economy for the future, slowing growth and deflation pressures in the property segment, more victims and pain should be forthcoming. The search for high yield % returns should not be at the expense of capital loss. Fundamentally strong businesses should be the First selection investment criteria! 

For those who are vested in EC World Reit, take some time to mourn and learn from this painful lesson. Afterward, let it be another stepping stone to your investment journey. Jiayou! Gambatte! Fighting!


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Wednesday 30 August 2023

Bumper Aug $25,825 ... YTD $103,180

It's approaching the end of month and time to count my blessings 😎 August has been full with dividends (namely Banks, Singtel, Wilmar, Kepcorp), pushing my year-to-date (YTD) nicely beyond 6-Figures. Also completed the sale of Sembcorp and partially divesting Yangzijiang. These 2 stocks (SCI & YZJ) have had an amazing run this year, hopefully these decisions to take profit would be a correct one in time to come ...


With Sep round the corner and traditionally a Negative month, would hope to pick up more Banks (DBS/OCBC/UOB) and S&P500 (IVV.US) to invest for the longer term, as I have basically reached my $$$ targets for 2023. It would also be nice to save some target numbers for the next year haha ... That's kind of how sales organisation works - chasing numbers and targets, but slowing down when targets are met ... heehee  😂  Doing some rough estimations of 2024 and it is currently showing a respectable number of $91,914 passive income. Doing more should hopefully bump the numbers up further✌

Do you think I should do more to these 2024 numbers? Or should I have sold SCI and YZJ? Let me know in the comments section below, thanks  :)

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Monday 7 August 2023

July Profit $6,772 ... YTD $76,803

Yawn ... haven't been blogging for quite a few weeks .... as I have been feeling lazy and yes blogging takes quite an effort too. Plus the monetary rewards of blogging is also quite pathetic 😂. To maintain the discipline of blogging, here is a short post documenting my investment journey


Tabulating $6,772 for the month of July, this month as expected wasn't the best of months for the year 2023. Apart from dividends from AA reit and Bonds, the rest came from sales of Sembcorp and Yangzijiang. Still thankful for some income to help pay the family bills 😅. Everything seems to be getting more expensive nowadays --- inflation! Looking forward to a more bountiful month of Aug, where dividends of DBS/OCBC/UOB arrive!

Would also hope to pick up more S&P500 (IVV.US) as the USA market pulls back slightly. The months of Aug, Sep, Oct tend to be more bearish months and there might exist some pockets of opportunities. Overall would still think 2023 would be a bullish year with steady recovery of the economy. Let's all hope for the best! 
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