*Official* MasterLeong Thread

[MasterLeong]

Only a handful of REITs can buy only

Posted with My iPhone 7plus HardwareZone Forums app

yup... I would say 2/3 of the reits are value traps that you would be better off with the sti etf
have to be very careful

 

[Dividends Warrior]

ASSI average price for Aims is probably very low, not even considering the dividends he has collected over the years. So he has high MOS now.

It's not a certainty that Aims will do as badly in renewing their leases as the market suggests it will too. But as a whole, all REIT sectors (commercial, retail and industrial) are facing headwinds in Singapore, and industrial assets are the least valuable to hold if you imagine yourself as a property buyer now.

Good points made.

Your first point shows how to get the best out of REITs. Buy at undervalued prices and keep collecting distributions. With each distribution collected, your MOS will get higher. So, the longer you hold, chances are your MOS will increase with time. I think ASSI got 7-8 years of distributions from AIMS.

Your second point is also true. Industrial land tenures in Singapore are usually shorter nowadays (30 years?) which is not very attractive. That's why more REITs are venturing into Australia for free-hold properties.

 

[MasterLeong]

ASSI average price for Aims is probably very low, not even considering the dividends he has collected over the years. So he has high MOS now.

It's not a certainty that Aims will do as badly in renewing their leases as the market suggests it will too. But as a whole, all REIT sectors (commercial, retail and industrial) are facing headwinds in Singapore, and industrial assets are the least valuable to hold if you imagine yourself as a property buyer now.

Aims next year got 30% of lease up for renewing, analyst forecasting negative revisions... maybe that's why market pricing this reit at 10% discount to book

 

[MasterLeong]

^sti etf performance.

2016 is coming to an end. Have you beaten the index?

this year I gained a lot from banks/KC/SCI/GLP/ARA

beat the index gao gao for sure

huat ah $$$$$$$$$$$$

 

[MasterLeong]

aims now is different management than before but some of the assets and contracts were made in the past by the bad management... going foward when leases are renewed you will see if the can inside got any worms or not

some reits like sabana... after the master leases were up... the rentals crashed liao siao and no body want to rent the industrial assets...

for me... to be super safe... I totally avoid industrial assets like warehouse and manufacturing...... I feel that SG is moving away from it already....

in future SG will be all about

TECH
BANKING
TOURISM
MEDICAL

so I would rather bet in areas such as TELCOS/BANKS and retail/office assets like what is shown in my current portfolio

cheers

 

[Jazzbie]

aims now is different management than before but some of the assets and contracts were made in the past by the bad management... going foward when leases are renewed you will see if the can inside got any worms or not

some reits like sabana... after the master leases were up... the rentals crashed liao siao and no body want to rent the industrial assets...

for me... to be super safe... I totally avoid industrial assets like warehouse and manufacturing...... I feel that SG is moving away from it already....

in future SG will be all about

TECH
BANKING
TOURISM
MEDICAL

so I would rather bet in areas such as TELCOS/BANKS and retail/office assets like what is shown in my current portfolio

cheers

They are literally moving away... to invest in Aussie logistics.

Banks will also be a good hedge to a REIT heavy portfolio. Since interest rate rise will be good for their margins.

 

[lioninvestorco]

aims now is different management than before but some of the assets and contracts were made in the past by the bad management... going foward when leases are renewed you will see if the can inside got any worms or not

some reits like sabana... after the master leases were up... the rentals crashed liao siao and no body want to rent the industrial assets...

for me... to be super safe... I totally avoid industrial assets like warehouse and manufacturing...... I feel that SG is moving away from it already....

in future SG will be all about

TECH
BANKING
TOURISM
MEDICAL

so I would rather bet in areas such as TELCOS/BANKS and retail/office assets like what is shown in my current portfolio

cheers

why tech and tourism lol

 

[Dividends Warrior]

why tech and tourism lol

Not so sure on tech but I am pretty confident in tourism. That's why govt building Terminals 4 and 5. People are going to travel more in SEA region in the next decade.

 

[wiz]

Tech is going to drive the world's economy so better learn how to code

 

[yihao93]

not true.

hint: new mangement, better or worse?

Sent from 穷小子 using GAGT

better or worse ? mkt will price those in accordingly when new mgmt is announced , then from there you make ur investment decisions loh?

what's wrong?

 

[mazatsushi]

Nowadays most youngster lead the yolo lifestyle
Every year go holiday
Every week drink starbucks
Like to buy expensive stuff to show off on social media
These kids spend 100% or more of what they earn

Or worse, kids are spending on what we as parents earn without knowing how hard to earn $$. When they start working then suffers cuz living cost higher than what they earn.

Impeccable timing!

Just finished an online conversation with friends who were complaining about credit card debt.

The cause? They spend excessive amounts of time and effort to look rich instead of accumulating wealth

 

[lioninvestorco]

Impeccable timing!

Just finished an online conversation with friends who were complaining about credit card debt.

The cause? They spend excessive amounts of time and effort to look rich instead of accumulating wealth

care to share more? always interesting to hear about these because unless you have friends who in debt, you won't think this is a real problem in singapore

 

[akwl88]

heng moi no have debt because no property lol

 

[mazatsushi]

care to share more? always interesting to hear about these because unless you have friends who in debt, you won't think this is a real problem in singapore

Very typical example of spending more than what they bring home and thinking that they have to spend their way to wealth (if you read the Millionaire Next Door series will instantly understand).

Some examples:
- Die die must stay in a newly built apartment in downtown
- Weekday nights go have drinks at upscale hotel bars
- Weekends go rent continental cars and drive around
- Exotic vacations every 6 months
- Change job, then bought branded tie even before first paycheque

Of course, everything is meticulously photographed, photoshopped and uploaded onto social media.

 

[lioninvestorco]

Very typical example of spending more than what they bring home and thinking that they have to spend their way to wealth (if you read the Millionaire Next Door series will instantly understand).

Some examples:
- Die die must stay in a newly built apartment in downtown
- Weekday nights go have drinks at upscale hotel bars
- Weekends go rent continental cars and drive around
- Exotic vacations every 6 months
- Change job, then bought branded tie even before first paycheque

Of course, everything is meticulously photographed, photoshopped and uploaded onto social media.

This is what age group ah?

 

[lewissac]

Very typical example of spending more than what they bring home and thinking that they have to spend their way to wealth (if you read the Millionaire Next Door series will instantly understand).

Some examples:
- Die die must stay in a newly built apartment in downtown
- Weekday nights go have drinks at upscale hotel bars
- Weekends go rent continental cars and drive around
- Exotic vacations every 6 months
- Change job, then bought branded tie even before first paycheque

Of course, everything is meticulously photographed, photoshopped and uploaded onto social media.

Honestly, I do have my fair share of indulgence or luxury if some may call.
That includes:
- a weekend travel getaway once every quarter, solo travel to ASEAN countries.
- Photography gears, probably once every 3-4 years.

However, as I always practice, spend within your means to reward yourself and get the best bang for bucks.

 

[lewissac]

heng moi no have debt because no property lol

Same same. No car, no HDB, no debt (just last week), only left single mum to support.

 

[lewissac]

Tech is going to drive the world's economy so better learn how to code

That's true. Precisely why I started to learn coding 2 years ago. Though it has bring 0 value to company that I worked

 

[lioninvestorco]

Honestly, I do have my fair share of indulgence or luxury if some may call.
That includes:
- a weekend travel getaway once every quarter, solo travel to ASEAN countries.
- Photography gears, probably once every 3-4 years.

However, as I always practice, spend within your means to reward yourself and get the best bang for bucks.

How old are you and how much are you earning? I think it sounds okay la (quarterly, weekend and ASEAN travel). Personally I okay with spending up to 1 month of my earnings on yearly travel.

 

[mazatsushi]

This is what age group ah?

Millennials

Honestly, I do have my fair share of indulgence or luxury if some may call.
That includes:
- a weekend travel getaway once every quarter, solo travel to ASEAN countries.
- Photography gears, probably once every 3-4 years.

However, as I always practice, spend within your means to reward yourself and get the best bang for bucks.

Yeah, spending on frivolous pursuits within reasonable means is definitely needed, or one day the daily grind might get too much - just how like some of my income is redirected for finding more SYT DNN FWBs

But when individuals are spending their paycheque at a new job, even before entering the new company, then it most probably will not end up looking pretty in future.