Buy REITs at a good price and hold on to them
In April I started to buy some reits. At that point in time, there was already talk of a possible Fed interest rate cut in June. When the rate cut did not materialise, there was a sell off during July. As a newbie investor, I saw my stocks drop by around $6k in value. At that point in time, I was quite disappointed. I could either sell and cut loss or average down. I’m glad I made the right choice. But why did I decide to do so? This was because reit prices were at multi year lows. Also since I would be getting dividends, why not just hold on? 3 months on, my patience has paid off! Reits are actually really good long term investments, even when prices drop, you can use the dividends to buy more so that when it rises again, you gain even more.
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路人辛酉 : nice
dydxequalszero OP 路人辛酉 : Thank you. Patience really is key in investing.
summer66 : very nice, more good news ahead
dydxequalszero OP summer66 : Thanks. Are you a REITs investor too?
I Am 102927471 :
summer66 dydxequalszero OP : yes, but I started very late, like less than a month ago. Lost some money here and there while learning.
dydxequalszero OP summer66 : That’s good. You got into MLT at a very good price!
summer66 dydxequalszero OP : just a small position
dydxequalszero OP summer66 : Slowly build your position.
summer66 dydxequalszero OP : do you invest cpf on REITs? am considering. Tried today but didn't get filled
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