Feb 25, 2023

Cory Diary : iReit Review of Annual Report



One of our building's tenants vacated in December 2022, which caused a drop in vacancy. However, we are currently in advanced discussions with a potential new tenant, so the vacancy period is expected to last another two months.

Another factor affecting our DPU is the currency exchange rate. The Singapore dollar has been strong in recent years and appears to have bottomed out, barring any unforeseen events.

Our DPU has decreased by double digits in the latest quarterly comparison, primarily due to the factors mentioned above, as well as cash retention and management fees.

We have no loan renewal issues until 2026, and our effective loan rate is currently at an incredibly low 1.8%.


Overall, the current stock price already reflects most of these factors. However, with an annualized yield of 7.7% and the possibility of higher returns after the new tenant moves in, we may see another adjustment in the next quarter. Nonetheless, even with a worst-case scenario yield of 7%, the REIT remains an attractive investment option.


Cory
2023-02-25

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Articles in this Blog is personal take and sharing purposes only. Reader should seek their own professional help when making financial decision and be responsible for their decision.

Feb 15, 2023

Cory Diary : Investment Questions to ChatGPT

Question 1 : Singapore


Question 2 : Ukraine


Question 3 : China - USA


Question 4 : REITs



In Summary, the answer is quite shocking and amazingly intelligent. The innovation of this Language Model can be use by Humanoid easily in the future. I think they have achieved a major breakthrough on the impossibility.



Cory
2023-02-15

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Articles in this Blog is personal take and sharing purposes only. Reader should seek their own professional help when making financial decision and be responsible for their decision.




Feb 5, 2023

Cory Diary : Net Worth 2023 Feb

Net Worth

The year 2022 had a significant impact on my net worth, with a reduction for the first time in 15 years. This is not uncommon for salaried workers, as annual savings from salary may not be enough to compensate for market downturns that can affect the portfolio. However, I am pleased to report that within the first month of 2023, the stock market rebounded, pushing my net worth well into the positive for the year. This demonstrates the importance of investing in strong businesses and holding them through market fluctuations.

























Year 2023 Strategy


Baseline Returns

My strategy for the year is to continue filling up T-Bills, SSBs, and fixed deposits with high rates. The aim is not to beat inflation for these emergency and war chest funds, but to ensure that I do not lose much in an inflationary environment. I will also continue to maintain the dividend achievements from 2022.

Rebalance

I plan to rebalance my portfolio by shifting investments from weaker businesses with high portfolio allocations to stronger ones with low portfolio allocations. I will prioritize non-REIT investments to achieve a more diversified balance.

Volatility Risk

To reduce volatility risk, I will impose more stringent allocation caps for stocks that have been performing well in business and stock price. This is a lesson I learned from the market conditions in 2022.

Foreign Income Risk

I will give more thought to expanding stocks that have a majority of their income in foreign currencies, as this can increase risk. I will take steps to reduce that risk by being more cautious.

Although the Fed is slowing down rate hikes, we are not out of the woods yet. I will remain cautious while staying invested in the market.


Cory
2023-02-05

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Note: The articles on this blog are my personal opinion and are shared for informational purposes only. Readers should seek professional help when making financial decisions and be responsible for their own choices.