Yesterday STI Index was up. Interestingly, many of the key Reits are down. This have some similarity whenever there is longer term view that interest rates have dropped enough especially when the trade deal could conclude positively.
As blogged earlier ( link ) , and the shift to Banking Sectors. This has acted as counter balance to the Reits. While Cory can never be sure they will always be on opposite polarity, it does put the portfolio at much lower risk which makes a lot of comfort sense.
Will this trend continue will be anyone guess. Hope that there is some attractive valuation for Cory to pick from the ground.
In the meantime, Cory steals some Astrea 3.85% lots before Ex-dividend. If calculation is correct still get roughly 3% yield. The funny thing is Cory sold some Frasers 3.65% Bond to the market to par down his 6 digits interests to 5. To shift some of 3.65% yield asset to 3% is something to wrap about. As long one is happy, who cares.
Cory also decided to expand a little more into AGT for the yield and of-course the bonus will be the buyout. Talking about Bonus, Year 2019 Bonus is quite cool. Looks like is good to work as long as possible. 😎
Anyone watched "The Mandalorian" ? Investment can be lonely ....
Cory
2019-1212
