We have reached the end of the month again and as usual I am going to provide an update on the progress of myself trying to reach my targeted financial goals for February 2024. The total value of my financial assets grew from 72.62% to 73.95%.
The growth was attributed to the increase in value of my stock portfolio. In January and February, REITs have announced their latest quarter financial results or business updates. Most of the REITs that I know of were affected by the higher interest rates environment. As such, higher financial costs eroded their distributable income, impacting Distribution Per Unit (DPU).
Taking opportunity in the weakness in share price in REITs, I added more of Mapletree Logistics Trust (SGX:M44U) and Keppel DC REIT (SGX:AJBU).
Now, you may have wonder why did my stocks investments grow despite the decline in share price of REITs?
My US stock portfolio is made up of multiple technology stocks....