Thursday, August 22, 2013

3rd investment: First Reit

I have decided to invest a small amount of my savings into First REIT at S$1.01 after a sharp drop in its price. Net asset value per unit is S$0.895, so I have overpaid somewhat, but I am comfortable with the yield which is currently at about 7%. My understanding is that this is mainly a healthcare real estate trust, and so should be quite resilient to market developments. In total, I have invested almost half of my savings into stocks so far: China ETF, Noble Group and First REIT.

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