This is an email from a reader:
I had not been checking the news on Saizen reits. But i had been following the price.
I am disappointed to hear that it has completed their transfer of assets to Triangle TMKback in March 2016.
Just wanted to share my disappointment with you, as you know i am accumulating my funds in hope that i could start buying SAIZEN Reits.
Now i felt completely demotivated.
Is that why its at 0.09cents? Excuse my ignorance.
Others might have missed the Saizen REIT boat but for different reasons.
They missed it because it is Japanese. Many were fearful because they heard from people that Japan is going the way of the Dodo. Well, it easy to believe that.
Japan has been suffering from deflation for 20 years and housing prices are so depressed that a studio apartment in Tokyo is way cheaper than one in Singapore's CBD by a big margin.
Well, I am not going to tell B or anyone if they should buy or sell anything. I always say that my blog is a place where I come to talk to myself but it just happens that there are people listening in. Ahem...
All of us want to make money from Mr. Market. No one wants to lose money.
It has been said that the fear of losing money is a much stronger emotion than the feeling of greed to make more money. That is easy to understand because we want to protect what we already have in hand.
We don't have any emotional attachment to money that we have yet to make.
Anyway, there are many boats out there and there will be another boat we can board.
Don't be upset if we have missed a boat.
1. Saizen REIT: Why did I buy and would I buy more?
2. Saizen REIT: Offer of $1.172 per unit.