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3 local banks, 3 REITs and SIA.

Monday, January 11, 2021

This blog is actually the second reply to a reader, csky, who is interested in knowing how much have I invested in DBS, OCBC and UOB, amongst other things? 

I decided to publish this as a blog as there are probably other readers who might be interested in this. 

The question started with why didn't I channel funds I used to increase my investment in IREIT Global into Sabana REIT instead? 

In reply, I said: 

"There isn't any brilliant reason behind this. 

"It is simply timing. 

"I like what Sabana REIT's activist investors are doing but I was not sure if they would be able to block the proposed merger. 

"I only added to my investment in Sabana REIT in early December when the proposed merger was scuttled. 

"The purchase of more IREIT units at between 58c to 62c a unit happened in October and November."

I ended that reply with just one sentence on the size of my investment in the 3 local banks as a whole. 

It might have confused csky and here is my second reply to his follow up comment: 

Just to be doubly sure you got the right message, it is the combined value of my investment in the 3 banks which is bigger than the combined value of my investment in AA REIT and IREIT Global. 

As to the stuff I read to stay up to date, The EDGE is a weekly read for me and The Business Times can be interesting too.

I try to keep things simple during this crisis, avoiding speculation as much as I can, as there really isn't much clarity as to how long the COVID-19 pandemic and its deleterious effects might last. 

Although we have some vaccines ready for use now, we also have new variants of the COVID-19 virus and more countries are imposing lockdowns again.

To be safe, my strategy in 2021 will probably stay the same as my strategy in 2020.

Doing so might mean to err on the side of caution, of course. 

I mostly look at what businesses have and what they can deliver now even during a pandemic rather than what they might be able to deliver after we emerge from the pandemic. 

This made me avoid investing in SIA even as its stock price plunged, for example. 

I might be missing out on some extraordinary gains now and in the future but, like I always say, peace of mind is priceless. 

As for trying to stay up to date while actively gaming, Neverwinter's latest module is launching next month which will mean less time for blogging.  


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