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I have been busy gaming in the last few days as Neverwinter celebrates its 10th birthday.
Time really flies and I have been adventuring in virtual worlds for 8 years.
Of course, I have been retired from gainful employment for just as long.
I remember saying that CPF is a pie we would all get to eat one day if we did the right things.
Well, in another 3 years, I would get to eat the pie.
It is both a happy and depressing thought.
Anyway, like I shared in my last blog, I ignored AA REIT's rights issue.
It meant accepting an 11% reduction in income from the REIT in future.
I am staying invested in AA REIT but as a retiree without plenty of excess funds, I am less willing to deploy money into any venture that does not add to my income in the very near future.
Even if I were to take up my rights entitlement, unless I am willing to apply for a lot more in excess rights, I would still suffer some income reduction from the REIT.
Much better to put the money in T-bills in my case.
This provides a nice segue into the next topic.
My non-competitive bid for the recent 6 months T-bill was 100% filled.
3.89% p.a. huat ah!
Could have been higher but it is obvious that many kiasu people were placing very low bids of possibly under 2% p.a. in order to secure their T-bills.
Proof is in the pudding with average yield at a paltry 3.07% p.a.
I saw that and it was a face palm "Alamak AK!" moment.
I have no words.
Speechless.
OK, I stop.
Another "Alamak AK!" moment was DBS and OCBC being fined $2.6 million and $600,000 respectively by the Monetary Authority of Singapore.
It is a ton of money to AK but it is probably like being stung by a mosquito for the banks.
I am staying invested in DBS and OCBC, of course.
Still looking to add to my investment in OCBC and UOB at supports.
Hint: OCBC tested immediate support which has risen to $12.30 a share just now.
Longer term support for OCBC is still around $12 a share.
I would add to my investment in DBS too but its stock price would have to decline much more for it to be attractive to me.
Nothing to see here, move on.
I am gathering my funds to take part in IREIT Global's rights issue now.
Must pay by 11 July.
If I am successful in getting all the excess rights I aim to get as well, IREIT Global could become an investment as big as my investment in OCBC.
Yes, I am emptying my war chest for this.
This is an exciting thought but also a scary one.
I might have to do some rebalancing of my portfolio later on.
For now, I just like the idea of increasing my income from IREIT Global by at least 16%.
That's all for now.
If AK can talk to himself, so can you!
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