Hey savvy investors! There’s a saying in investing: take care of the downside, and the upside will take care of itself. That’s why I’ve been laser-focused on the risks posed by rising interest rates, and more recently, the risks of slower pace of rate cuts on REITs. But today, I want to talk about something else, something that’s been keeping me up at night. It’s a risk that I believe every investor should pay attention to, especially in today’s market environment. What’s worrying me is valuations. Now, you might be wondering, aren’t REIT valuations still near historical lows, whether we’re looking at price-to-net asset value or dividend yields? Well, I’m referring to the high valuations in the U.S. stock market as measured by the Shiller PE Ratio. Because the U.S. market often sets the tone for global financial markets, including our Singapore REITs and dividend stocks. If the U.S. market falters, the ripple effects will be felt globally. Before we dive in, I must let you know that this content is for informational and educational purposes only and does not constitute financial advice. The opinions expressed are based on publicly available information and personal analysis, and they are not tailored to your specific financial situation. The REITs and institutions mentioned are cited purely as examples. While I have no affiliations, sponsorships, or financial relationships with any of them, I may personally hold positions in some of the investments discussed. Before making any investment decisions, you are strongly encouraged to consult a licensed financial adviser. ==== Price to NAV charts are from www.reit-tirement.com ==== For additional information, here’s a great video “Why Top Investors Are Warning of a ‘Lost Decade’ for Stocks https://youtu.be/CulxTOtJX3Y?si=TVoF9Dgbmugkavil...