The main key is capital preservation and allocation. To achieve both, the emotional aspect of an investor is in question. Cory do this by having 25% Bonds today. As family man, state of mind is important especially 2nd daughter just born ! And time is limited to monitor the market as he wishes.
This is a figure that balance reasonable money left for dividend Investing and growth. The other is to size the core equity segment to the size where in worst case situation Cory can hold and sleep. Their business fundamentals are stable. Fill the remaining gap with STI index if picking skills not so good like Cory.
For reit investment, everything is good at the right price. If the yield is so low that sudden market volatility can erases few years of dpu, it makes senses to reduce or cut them. Cory did that with Ascendas previously. And then buy back some in stages.
Even after all this, the next key issue is home. How do we keep our mental state healthy from loan debt. Some people do this by zeroing out the home value in their net worth even when the property is fully paid up. Cory does it by allocating cash into FD, SSB and larger emergency fund. This aren't tracked in portfolio.
So how do Cory do so far for a Reit heavy portfolio with a declining Feb ? From the chart below, seems like performing better than previous with widening gap against STI.
Next, is how to appropriately deploy the warchest raised across weeks and months. That's a good problem to have.
Cory
2020-0301
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