Fortunately
I closed my entire SPH position in one day when it reached $4.47. It is facing
the stark fact that it is a sunset/declining industry, inching its demise
towards paperless age. The REIT story was a nice opportunity to exit at a modest profit. Will it materialize? Perhaps not in the next 6 months.
I have
since reinvested the proceeds in unit trust, oil and gas, utilities sector and embarked on
portfolio financing by pledging all my shares and unit trust to a bank. By end
of May, I should be able to gear my portfolio to about $800,000 at 1.05% preferential
lending rate given by my company.
By then, my
monthly passive income should reach $3,000 per month after accounting for interest
costs and net yield on my capital will be at least 8% P.A.
Stay tuned
for my updates.
