Here is an email from another reader recently:
For pple with substantial capital, they can just buy div stocks and hold. For those with less, it's not so simple..Cheng must be really bullish..99% in the market, I'm only 30+% in the market..
I am surprised by LMIR, it hit a high of 53c today. Despite, the so-so management , i guess pple are still attracted by the yield. This one is for keeps..
I am surprised by LMIR, it hit a high of 53c today. Despite, the so-so management , i guess pple are still attracted by the yield. This one is for keeps..
My reply:
I do not think that investment strategy is totally a function of how much capital we have, it is also a function of how much we want. If a person with $10,000 wants to double it within a year, of course, investing for income could disappoint. An active trading strategy is more appropriate. If this person is happy with 10% yield per annum, then, my current strategy is OK. Question what do we want and employ the appropriate strategy.
With LMIR, I still have a substantial position in the REIT although I did pare it down to increase my position size in AIMS. What's left in LMIR, I would just hold for its quarterly income distribution since I doubt it could go lower than 4c per annum. Fundamentally, this is a safe and stable investment.
With LMIR, I still have a substantial position in the REIT although I did pare it down to increase my position size in AIMS. What's left in LMIR, I would just hold for its quarterly income distribution since I doubt it could go lower than 4c per annum. Fundamentally, this is a safe and stable investment.
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