Understated gains from Saizen REIT.

For a while, I have suspected that ASSI has stalkers but the following can only happen because this stalker happens to be a friend. If he were just any other reader, I would freak out.

Reader:

I believe you made in mistake calculating your gains from Saizen. 

Just letting you know. You see if you want to amend.


“How much space is enough?”

AK:

I checked the numbers again. You are right!

Spooky!!!


I think I mixed up my average cost price for Saizen REIT with First REIT’s.


So, $245,000 is too low.


It should be $30,000 to $40,000 higher.


So, the returns, in terms of percentage, should be higher. Maybe more than 25% a year.


Too lazy to come up with the exact figures. Of course, this shouldn’t surprise you. LOL.


I will publish a blog as an errata. Thanks.

This is a very good reminder to everyone that ASSI is not very reliable. If you have …

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