I blogged
last week that I divested my entire SRS portfolio as the stock market seemed to be running ahead of its fundamentals. The decision seemed to be timely as the market corrected this week and all the counters are currently trading below my selling prices. Whether this turn out to be a brilliant or stupid move - we will know in the next few weeks - as the markets are trying to decide with the bulls and bears fighting it out over the last 2 days. I am staying on the sidelines for now to watch the battle.
As mentioned in my last post, the cash balance now stands at $329,710 and the returns on my SRS portfolio since inception is ROI of 1.67x and IRR of 7.7%.
I will share with readers again when I next construct my portfolio and I will once again target REITs or stocks that are less affected by the longer term implications of Covid-19.
...
