Expectations of rate cut continued to rise in the first half of Sep. Resistance was hit for many property stocks nearing the announcement of Fed rate decision.
I think tt was probably the only concern on many retails. BB took the chance to pump and dump reits and cashed out major profits.
2nd half of the month, we saw China stimulus packages bolstering the stocks involved with China market. Unfortunately, I did not capitalise on that as I do not know well enough of China related stocks. Capitaland was probably one of those beneficiary. Benefitting from the rate cut and the China stimulus, it's surely the biggest winner among the large cap stocks.
Subscribed to a couple of scrip dividends. Slow and steady..
Considering FLCT had limited upside from further rate cuts, I have decided to reduce my stake in them, cashed out my 3 lots. Same for KREIT. But I maintained my position in CPF denominations, as the interest lost from CPF may not be worth the hassle, given the lack in volume.
I might be preparing to offload some REITS. Been holding LREIT for the longest time. Hopefully got chance to reduce. Ascott may have a chance to go up, so I'm keeping it. The rest - see how it goes.
Next 2 months are equally exciting as I remain focused on the news of interest rate cuts. The situation in Middle East is worrying as major trade routes will sooner or later be affected by the expanding conflict in the region. US is also poised for the presidential election in Nov, perhaps hanging the carrot (another rate cut) as a strategy to swing votes. One must be cautious in deciphering the intent behind the interest rate decision next round, not as straightforward as the one this month.
Update #33:
Warchest: 2284.94
Dividends received YTD: 2056.94