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"Good time to buy now or should I wait?"

Friday, July 23, 2021

This blog is a reply to a reader's comment: HERE

Whenever readers ask me if it is a good time to buy something, I get the shivers. -.-" 

I don't know what Mr. Market might do tomorrow and, so, I don't know if the price will go up or down. 

I do not have a working crystal ball.

However, I have a very dusty bowling ball that sometimes thinks it is a crystal ball.

You want? ;p

As long as I am satisfied that something is an investment that will generate a fairly attractive and reliable income for me, I buy some. 

Past rights issue shouldn't matter to an investor today.

He should look at today's numbers and decide whether it is an investment that will deliver what he is looking for or not?

We might have different requirements and certainly different circumstances. 

So, it is probably not a good idea to ride on someone else's coattails, no matter how famous that someone is.

We can always wait for prices to plunge before buying but prices could appreciate instead. 

It might also be many years before Mr. Market goes into another depression and we would have lost many years of income.

This is why some say time in the market is more important than timing the market.

To buy now or to wait, it depends on whether you feel IREIT Global fits your plan and whether it meets your minimum requirement from an investment. 

If you are interested to get a glimpse of my investment philosophy, read this blog: 

"I emphasize that I will not tell anyone if they should or should not buy anything. 

"I am only sharing my philosophy and experience in my blog. 

"I am not here to make a decision for you." 

There are also some relevant ideas in these blogs: 
Beware of scams!


laurence said...

Wow, AK is on the roll this month.
Not 1, not 2, but ....... three ........ blogs this month!!!!
Will there be a magical 4 ? ;)

keng said...

Hi AK,

It's been quite some time since I've read your post, well, partly because you have reduced your postings in favour of your online adventures :P

I have read a couple of books on investment and feel that I have grown somewhat as a person in life as well as an investor.

Actually, investing really isn't difficult, just do it simple. Unfortunately, the human brain likes to think complex, so although I can understand the theory, it is hard to implement simplicity. Still working on it though.

I have started investing for my 4 yr old son with growth stocks listed in US and HK, and also REITs in SG. Now, his fortunes are way way better than me when I was his age :D

I have detracted from investing for income for the moment in favour of growth as I think I have some years in front of me to grow my wealth a little faster and will switch back to investing for income when I think it's time.

Happy adventuring!

AK71 said...

Hi Laurence,

OMG! 3 blogs in a month?

I am working too hard. Will have to slow down and take it easy.

Thanks for the reminder. ;p

AK71 said...

Hi keng,

Long time no see! :D

For sure, we must have a plan and it has to be our own plan. :)

Keep things simple if we can and stay the course.

Patience is probably the hardest thing to find in many people but if we do the right things, we will be rewarded in time to come. :)

Gambatte! :D

Newer readers might be interested in these blogs:
1. Simple investment wisdom keeps us afloat.
2. Little book of value investing.
3. Sound approach to investing.
4. In my 40s and married with kids?

CL said...

How do you sift out the good deal? Such as Tuan Seng in 2017. Where do you usually get the source of information? Would you share the strategy and philosophy on how to detect such opportunities?

AK71 said...

Hi CL,

For Tuan Sing, it was a poke by a reader.

See this blog for details:
Invested in Tuan Sing.

I just did more research and liked what I found. :)

Sometimes, it is just from my observation of things around me which was the case for Old Chang Kee.

See this blog for details:
Invested in Old Chang Kee at 26c.

Most of the time, I get ideas from my readings and I just shared this in a blog not long ago.

3 local banks...

AK71 said...

Media Release

IREIT Global makes further inroads into Spain with the acquisition of an office building in Barcelona.

Addition of a Grade A office asset with strong attributes to IREIT's portfolio in Spain, leveraging on the extensive network of its joint sponsor, Tikehau Capital.

New large blue-chip companies with long leases to strengthen IREIT's tenant base.

Potential upside from positive rental reversion and active asset management.

Acquisition to be DPU accretive at 3.4% on a pro forma adjusted FY2020 basis.


KC said...

IReit Global tenant to vacate property accounting for 11% of total gross rental income when lease expires in 2022.

Hopefully they can find another sticky tenant.

AK71 said...

Hi KC,

Actually, I don't mind if they find a few smaller tenants instead of one tenant to take up all that space.

Less concentration risk and possibly higher income.

Will have to wait and see, of course. :)

IReit Global tenant to vacate property accounting for 11% of total gross rental income when lease expires in 2022.
"This will be when the lease expires on Nov 29, 2022. As such, the Reit's manager does not expect any material impact on the Reit's distribution per unit for the financial years ending 2021 and 2022.

"The Reit manager said it "will continue to channel its efforts on lease management as well as pursue acquisitions to strengthen IReit's lease profile and build further scale and diversification to IReit's portfolio".

"It will now start marketing the Darmstadt Campus "and is exploring a multi-let approach to broaden the tenant mix at the property and reduce the reliance on any one single tenant".

With the 1-year notice period, "there is adequate time to re-let the property to new tenants, as the property is in a prime office location and within a short walking distance to Darmstadt's main railway station," it added."

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