Has it really been 10 years since the Global Financial Crisis?
Time really flies.
What triggered this blog post?
Messages from two readers.
Reader #1 says...
First Reit dropped quite a bit recently.
Not sure if it is due to rising interest rates.
Am thinking of buying more for retirement income.
What is your view? Thanks.
AK says...
I have not been paying attention but it is probably because I am not thinking of adding.
Reader #2 says...
BTW i was looking to increase my shares in first Reit but Cloudy Outlook On Sponsor Ownership for them made me feel wary.
not sure will it be market noisy or a good opportunity.
current price was my entry price years ago.
AK says...
I haven't been paying attention to First REIT much because my entry prices were so low. 😛
Of course, regular readers know that no matter how sneaky they are, they cannot out sneak AK.
Trying to get me to tell you to buy or to sell?
Sneaky!
OK, I know.
Bad AK! Bad AK!
Anyway, sneaky AK has a few things to say in this blog.
1. Ignore the noise.
When I bought First REIT in a big way and blogged about it, I received messages from people telling me not to.
I ignored them.
It wasn't the first time and it wasn't the last time.
As long as we feel that we have our facts and reasons right, ignore the noise.
The fact that many people disagree with us does not mean that we are wrong.
Of course, we might not always be right but if we spend our time listening to the noise, it messes up our minds.
We might not always make the best decisions but if we are approximately right more often than we are wrong, it is good enough.
2. Time matters.
I have been invested in First REIT for many years and it is probably as old an investment as AIMS AMP Capital Industrial REIT in my portfolio.
It is an investment that generates income for me year after year.
The longer I stay invested in First REIT, the safer the investment becomes.
In a blog published in 2010, I said that my investment in First REIT made during the Global Financial Crisis would be free of cost in five and a half years.
In fact, I have recovered all of my capital and more by now.
This is including investments made in First REIT before the Global Financial Crisis.
Want an absolutely free of cost investment that generates a regular income?
Unless we are lucky enough to inherit income producing assets, with some work and a healthy dose of luck, dreams do come true.
I haven't been paying attention to the share price for a long time.
Why?
When we buy an asset, thinking about its income generating ability, we are investors.
We should be able to value the asset and decide on how much is worth paying for it.
When we buy an asset simply because people who bought such an asset made money in the past or because everyone else is buying it now, we are speculators and more concerned with prices.
Of course, both investors and speculators, if they know what they are doing, can make money.
I am both investor and speculator although I invest more than I speculate these days.
So, to buy more First REIT (or any other asset) or not to buy?
First ask if you are an investor or speculator?
Related posts:
1. First REIT is for keeps.
2. Investing or speculating?
PRIVACY POLICY
Featured blog.
1M50 CPF millionaire in 2021!
Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...
Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.
Archives
Pageviews since Dec'09
Recent Comments
Get this Recent Comments Widget
ASSI's Guest bloggers
- boon sun (1)
- Elsie (1)
- Elvin H. Liang (1)
- ENZA (3)
- EY (7)
- FunShine (5)
- Invest Apprentice (2)
- Jean (1)
- JK (2)
- Kai Xiang (1)
- Kenji FX (2)
- Klein (2)
- LS (2)
- Matt (3)
- Matthew Seah (18)
- Mike (6)
- Ms. Y (2)
- Raymond Ng (1)
- Ryan (1)
- Serejouir (1)
- skipper (1)
- Solace (13)
- Song StoneCold (2)
- STE (9)
- TheMinimalist (4)
- Vic (1)
Resources & Blogs.
- 5WAVES
- AlpacaInvestments
- Bf Gf Money Blog
- Bully the Bear
- Cheaponana
- Clueless Punter
- Consumer Alerts
- Dividend simpleton
- Financial Freedom
- Forever Financial Freedom
- GH Chua Investments
- Help your own money.
- Ideas on investing in SG.
- Invest Properly Leh
- Investment Moats
- Investopedia
- JK Fund
- MoneySense (MAS)
- Next Insight
- Oddball teen's mind.
- Propwise.sg - Property
- Scg8866t Stockinvesting
- SG Man of Leisure
- SG Young Investment
- Sillyinvestor.
- SimplyJesMe
- Singapore Exchange
- Singapore IPOs
- STE's Investing Journey
- STI - Stocks Info
- T.U.B. Investing
- The Sleepy Devil
- The Tale of Azrael
- TheFinance
- Turtle Investor
- UOB Gold & Silver
- Wealth Buch
- Wealth Journey
- What's behind the numbers?
Free income producing assets. You want?
Tuesday, September 11, 2018Posted by AK71 at 12:48 PM
Labels:
First REIT,
investment,
passive income
Subscribe to:
Post Comments (Atom)
Monthly Popular Blog Posts
-
In recent times, I have found it much easier to talk to myself on YouTube. It is faster than blogging. This explains the greater number of v...
-
Another quarter has gone by and it is time for another update. For a change, I will reveal the numbers first. 3Q 2024 passive income: $85.2...
-
For those of you who follow me in my YouTube channel, you would know that something unfortunate happened recently to my father. So, I expect...
-
It has been more than a week since my last blog post. Things have settled into a new normal for me. In this new normal, my expenses have inc...
-
With DBS, OCBC and UOB doing so well in 3Q 2024, I had to take time off from gaming to produce a series of videos. For those of you who do n...
All time ASSI most popular!
-
A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que...
-
The plan was to blog about this together with my quarterly passive income report (4Q 2018) but I decided to take some time off from Neverwin...
-
Reader says... AK sifu.. Wah next year MA up to 57200... Excited siah.. Can top up again to get tax relief. Can I ask u if the i...
-
It has been a pretty long break since my last blog. I have also been spending a lot less time engaging readers both in my blog and on Face...
-
I thought of not blogging about my 2Q 2020 passive income till a couple of weeks later because Mod 19 of Neverwinter, Avernus, just went liv...
2 comments:
AK said:
"When we buy an asset simply because people who bought such an asset made money in the past or because everyone else is buying it now, we are speculators and more concerned with prices"
Thank you for the reminder again.
"be free of cost in five and a half years....This is including investments made in First REIT before the Global Financial Crisis...In fact, I have recovered all of my capital and more by now."
Thank you for informing that you bought it before the crash as I always got the impression you only buy it during a big or a small crash. This information is important to remind me that one shouldn't compare the recent price with GFC price thus refraining from taking action.
Hi Chris,
You might be interested in this:
A simple way to a double digit yield.
Post a Comment