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This is the first time I am blogging about income received from S-REITs in the first quarter of the year. So, what did I do in the S-REITs space in 1Q 2016?
Honestly? Nothing.
The last time I did anything was in December 2015 when I added to my position in Soilbuild REIT at 73c a unit which I thought was a fair price to pay.
In 1Q 2016, I received income from the following S-REITs:
1. AIMS AMP Capital Ind. REIT
2. First REIT
3. Saizen REIT
4. K-REIT
5. Suntec REIT
6. FCOT
7. Cambridge Ind. Trust
8. Cache Logistics Trust
9. Sabana REIT
10. IREIT
11. LMIR
12. Soilbuild REIT
Total received in 1Q 2016:
S$ 379,630.94
This is really due to a bumper payout from Saizen REIT which will not be repeated.
Am I pleased that my patience has been rewarded or am I sad that I will no longer be receiving a regular income from a portfolio of freehold residential properties in Japan?
Well, a bit of both, really.
Yes, I have mixed feelings.
Now, what am I going to do with the money that came in?
Start a few fixed deposits. I know that a 9 months fixed deposit at CIMB will pay 1.8% per annum and a 12 months fixed deposit in BOC will pay 1.9% per annum. UOB is offering 1.7% per annum for a 13 months fixed deposit. Yes, I know.
To fellow shareholders of Saizen REIT who are wondering what to do with the money, although it is important to have a war chest ready, remember to reduce the cost of holding cash while waiting for the next investment opportunity to come along.
Congratulations and good luck!
Related posts:
1. 2015 full year income from S-REITs.
2. A lesson on the right prices and luck.
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