A reader who attended last Saturday's event sent me an email asking me about IREIT Global because he got in during its IPO and he is now worried after hearing what I had to say. I was puzzled because I asked if anyone was invested in the REIT on Saturday but there was no indication that anyone was. Anyway, for those who are interested, I did not say anything new last Saturday. Please see related post at the end of this blog. Basically, I again explained why I avoided investing in IREIT Global when they had their IPO middle of last year. I also said that people who invested in the REIT because of the expected 8% distribution yield would probably be disappointed. So, what is the expected yield now? The Euro has been in a downtrend against the S$. Today, the exchange rate is one Euro to S$1.54 which is much lower than it was middle of last year at S$1.70......