Hold on firmly to your long term strategy
Two months ago I sold off all my DBS shares and started buying into REITS. I made a small profit of around $6K from my DBS shares and the prices of the REITS I bought kept dropping. At that point in time I was quite disappointed that I could have made a bad mistake. However, I stuck to my plan and kept averaging down. My holdings now not only give me more than $3K in dividends every 3 months but it has real potential for capital gains now that the Fed may start the rate cut cycle in September. The stock price will appreciate and so will the DPU. So those of you who have REITS now, I feel it would be wise to hold on to it. You can consider selling and buying into banks when the rate cut cycle kicks in and the share price of banks falls further. Now banks are still too expensive.
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summer66 : sweet
R6 Peng : We all agree and have taken similar measures. I also sold all of my bank shares after May and placed all my bets on REITs. It also experienced a process where bank stocks continued to rise and REITs continued to decline. Fortunately, it persisted![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
dydxequalszero OP R6 Peng : Yay! Well done. At the price I bought the REITs, I think can hold for a very long time.
dydxequalszero OP summer66 : Thanks!
Deep Sea : Just hold for rate cut cycle and all of u will see home run for your reits and property developer stocks
dydxequalszero OP Deep Sea : Yes agreed. Thanks for the affirmation!
102928325 : I also emptied almost all bank stocks in May and bought REITS. I haven't seen expectations yet, but after cutting interest rates, there should be a dawn
dydxequalszero OP 102928325 : Yeah, all the best to you!
102928325 : Thanks
Have fun!
dydxequalszero OP 102928325 : THANK YOU!
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