updated thoughts on portfolio
Core Positions
REITS
CMT/CCT/SUN/MCT/FCT - average yield on cost around 6%
reits have been sold down in recent times, new funds will all go to this area
BANKS
OCBC/UOB/DBS - average yield on cost around 4%
banks had a good run up this year end, will not add more to this area for sure
TELCOs
M1/SH/ST - average yield on cost around 6% (heavier on M1/SH, light on ST)
telcos have crashed and I have placed my bets... will not be adding more to this area
to hold core position for collection of dividends and reinvestment into new positions
Non-Core positions
SCI - May slowly divest from 3.30 level onwards... holding 10,000... to sell 2,000 per 30 cents increment (3.30,3.60,3.90 etc) meanwhile collect dividends ... their utilities biz still provides good recurring income
CD - hold for dividends first... if more than $3 than see how.. I expect 5% or higher yearly earnings growth for the long term
FCL - will take profits if 10-20% capital gains.. TP 1.70 or 1.80, dividend of 5%+ while waiting for value to be unlocked... its still trading at 30% discount to book, with 60-70% stable recurring earnings
