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This blog is in reply to Jerry Low's comment:
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| Source: HERE. |
Saizen REIT was not a shitty counter. It was just misunderstood and it was thanks to the misunderstanding that I was able to accumulate a sizable position relatively cheaply so many years ago.
In fact, I thought Saizen REIT had a very competent manager who ate their own pudding.
Of course, the REIT was a fantastic investment, as it turned out, for me and many other investors. I shan't say more since regular readers should be quite familiar with the narrative.
As for Sabana REIT, I did blog about it quite regularly for a few years as it was a big part of my S-REITs portfolio for the same number of years.
Although I agree that the REIT has a mediocre manager who strikes me as mostly self serving, to be fair, it was a rewarding investment for me. Having said this, I am aware that that there are fellow Sabana REIT investors who are less fortunate.
As always, I am quite happy to help people to help themselves. If my blog has helped to educate retail investors to some degree, I am glad.
In the end, however, I must let readers make their own decisions and I won't push them in any direction. I am not allowed to and I don't want to.
Although I am sympathetic to those who have lost money investing in Sabana REIT, I believe that they must take responsibility for their own action or inaction as investors.
If they happen to form the majority of Sabana REIT's investors and if they choose to be apathetic for whatever reason, then, they have to accept whatever the consequences might be.
By replying to your comment in the form of a blog, I am helping to spread the word about the activism that is taking place now.
However, please understand that I do this because I believe that more people must be made aware of how investing in REITs for income is not as easy as they might think and they must know that REITs are not risk free investments.
I am not doing this to be a part of the activist movement against the manager of Sabana REIT.
With best wishes,
AK
If you are a Sabana REIT unitholder and if you are interested, here is the link to the FB page:
https://www.facebook.com/groups/1586399528054150/?qsefr=1
By the way, as requested by some readers, tomorrow, I will be sharing a check list for investing in REITs.
Investing in REITs for income is simple enough to understand but it might not be as easy to do it well.
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