Shares & Derivatives
A Reit that I do not dare to sell again
By Live Rich Life Free  •  June 29, 2020
AT&T Data Center at 402 Franklin Road, Brentwood, USA Source: Brentwoodhomepage.com On 20 May 2013, I bought Mapletree Industrial Trust (SGX: ME8U) at $1.555 as a novice investor. Its share price plunged to the $1.20 - $1.30 region for me to incur a loss of more than 20% for the next few months. Back then, Reits were not a popular financial instrument. All industrial Reits were traded at discounts to NAV. On 24 Apr 2014, I eventually sold MIT at $1.435. At a loss of 5% after dividends. Buy HIGH Sell LOW. The share price of MIT rose steadily in the next 6 years in tandem with rising net property income, DPU with quality acquisitions along the way. The share price breached $2 in Dec 2017 and scraped $3 in Dec 2019. Then comes the market crash in Mar 2020 when its share price dived from $3.04 to $1.87 and then made a V...
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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