REITs counters are battered again in December after the news of the rate hike.
I have taken the opportunity to load more REITs into my portfolio. I have added FCT, FCOT, ParkwayLife Reit, MCT and SPH Reit. Looking to add A Reit and CCT too, if they could come down lower for me. Spoilt for choice as many REIT counters are looking real juicy.
I do not know whether this is a good time for REITs, but I am revamping my portfolio to increase the REIT counters weightage. Hope the move will let me harvest more dividend fruits in the future.
To prevent myself getting into a REIT quagmire, I am holding some reserves in the event of further REIT decline in 2017.