Was a super bad month for REITs as again, interest rates in limbo. Inflation data continued to surpass expectations and Fed decided it wasn't ready to cut rates anytime soon. If this continues probably Fed may not even cut rates this year, sending REITs further into decline.
My stocks sank further. Though receiving a bit more dividend. Have to be patient and wait out I suppose. I may exit Capitaland and re-enter Comfort if its price goes low enough to whet my appetite for it.
Learnt a good lesson from UMS and Comfort. Looks like if these are the counters worth holding for long, can play exit high re-enter low to cash out a bit. Now thinking if I should try this strategy for my heavyweight stocks, maybe try out half.
Happened to come across an article sharing that govt needs to do something about REITs. Problem is central banks are never going to be lenient towards these big players; these are their major source of revenue (and of cos these are the drivers for interest rates) and no one wants to give in, the REITs will continue to suffer.
July will probably be another quiet month for me as I stay low and observe price movement to execute my strategy. Looks like Comfort may pretty well be one of my long counters, but I won't bet too heavy on them.
Update #31:
Warchest: 1352.54
Dividends received YTD: 1379.57