Shares & Derivatives
Goodbye Suntec REIT
By My Sweet Retirement  •  August 12, 2018
I do not know why but without much hesitation, I have sold off Suntec REIT today. Total profit was 54.3%. If I include the dividends collected over the years, total profit was 105%. I have sold off Suntec REIT not because of its slight decline in DPU in 2Q2018 but because it only makes up only 2% of my entire stock portfolio. I invest in REITs mostly for their dividends and we all know that the more units we held, the more distribution we get every quarter from the REITs. Since the share price of Suntec REIT has appreciated much over the years since IPO, selling it seems to be the right decision. I can invest the money from the sale into other REITs. Yes, I am going to do that but I have yet to make up my mind which REIT to invest in using the capital gained ......
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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