Basically, Reit losses managed to be well coverd by US market gains despite US allocation is much smaller in size. US allocation was around 10% whereas SG Reit about 40%.
Another thing to know is that SG Market Non-Reit performs much weaker than US Market too. The star performer is SG Banks which gain pushes the bulk of this year-to-date performance largely for the portfolio. Quite a number of Influencers got this wrong even for so called experts.
My logic is simple for a retailer me. The Bank business is good. Lowering rate is good for economy therefore mitigate losses in net interest income of banks. The yield is still good enough. Being so obvious, i have allocated sizeable portion to this year portfolio to mitigate Reits impacts which i said few times that it take a long time for the rental contract to measure up despite lowering rate.
Quite a few retailers I know in telegram groups did similar intuitively on Banks as well and this works so well for all of us this year. I still think there is still some tailwinds but we never sure. So always stay nimble. So what went wrong with the experts. I think they overthink too much whereas I do not need to understand too much at macro level.
As a constant reminder, investment is personal and this is how i manage my risk and personal situation with my limited knowledge and understanding. Please dyodd.
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2024-12-07
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Disclaimer: The articles presented in this blog reflect personal opinions and are intended for informational and sharing purposes only. Not responsible of errors. Readers are advised to seek professional guidance when making financial decisions and should take full responsibility for their choices.
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