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Portfolio Update July 2020
By Live Rich Life Free  •  July 31, 2020
Portfolio value decreases to $183k due to declines in retail Reits and hospitality related counters and sales of 2 counters. Sold 3,000 shares of Mapletree Industrial Trust at $3.20 for 17% gains in 1 month. Sold 1,500 shares of Frasers Centrepoint Trust at $2.39 for 3.5% gain in 2 weeks. I feel that MIT is fairly valued and technically may retrace for re-entry opportunity but it shoots up higher instead. It is my price to pay for timing the market. I am using my daily expenses to nibble FCT so as it remains weak and the next dividend will be paid only 3 months later, I decided to take back my rice money. War chest is at $13k. SRS portfolio declines to $68k. The local stock market remains weak and sluggish as the pandemic rages on. Local blue chips have lost their moat, cutting edge and earning power. Undervalued bank counters...
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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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