Of course, I am cautious when I hear all these positive news. After all, S-REITs have been featured in the past few weeks in newspapers and I know the saying that goes "Buy when people are fearful". And if people are so hopeful now, perhaps it is a good time for me to sell.
With the increase in S-REIT stock prices over the past few weeks, I have liquidated almost all my REIT holdings less a few. One of them is my favorite REIT (yes, I know we are not supposed to fall in love with our investments). But I have grown this emotional attachment to this REIT which I have held for some time.
This is Ascott REIT which I bought some time back. For my August dividends, most of them came from Ascott REIT. I have bought in and sold out on First REIT many times and looking at the share price now of around $1, I sort of regret that I exited it too early. With Ascott REIT, I am not certain whether it can rise any further. But with good earnings yield and dividend yield, I am probably going to keep this REIT in my portfolio for a long time to come.