I think it might be better to park money in those reits having some transparency aka full disclose kinda reports ...One I like is Sunreit ..updating investors on and off on thier " The Malls " they acquired and how long it is going to take before yield sets , so u do not have to make so many " calculative risks"

Francis is kinda Apple maps , at times showing a diff direction than what u think what they intend to do , and also at the dispense of ikan bilis..........at times

Not saying it applies to new comers , hard time for seniors to do the " guesstimate " on their directions as well.

Just another 2sen opinion......

This post has been edited by SKY 1809: Oct 20 2013, 04:19 PM

Ya, Think like a boss of the company , if u do not like the management , sell and dump their shares , and not just any ordinary ikan bilis.......subject to bullies....

Good luck always...

Perhaps it is time for you to look outside " the world of reits " ........could be windows of opportunity out there...

Big reits esp shopping malls, small and medium size businesses could be moving out slowly to smaller malls cos of the high cost factors.......everything naik. but can u pass over the costs to shoppers, not an easy answer ?

This post has been edited by SKY 1809: Dec 3 2013, 10:46 AM

Well, Asset Allocation Model recognizes risks for classes of assets change over a period of time.

Even Cash carries high risk during the hyper Inflation period, less risky during a recession generally

Even Bonds could be high risk in specific crisis period of the economy like the one just happened in Euro .

Volatility is likely to increase due the " high speed trading " with a touch of a button . Billions of Bonds could be sold within a short time.

This post has been edited by SKY 1809: Dec 3 2013, 01:40 PM

Yes Investments always associate with risks, so an advice to check your own risk profile .

Let say after checking , and u belong to the Moderate risk group, then u invest accordingly.

But again , risks of the asset classes would not stand still throughout your time frame of investments . The only diff is ASB, whereby a guarantee is given for the capital sum invested.....


Meaning to say , REITS could suffer losses and even going bust too, so u still need to monitor and form your own judgments from time to time. So I beg to differ on your statement as such :-

" Market sentiment can be affected by investors' perception, crashes can come if suddenly some scandals broke out etc. These factors can't be predicted only can be mitigated."

"Basically all REITs in MY is more or less the same. "

This post has been edited by SKY 1809: Dec 3 2013, 03:59 PM

" Companies can fall overnight from what we seen in real life examples like Enron, Worldcom and even banks that are considered one of the safest haven to invest in"

Did I say banks are considered the safest of all times ?

I beg to differ on this point . In fact , as I say earlier risk changing every now and then , from time to time . And U can read the latest report from S & P about our banks and what problems they might face later. In fact, risk changed the moment such reports surfaced. Malaysian personal debt problems have been mentioned many many times, not an overnight thing...not just S& P mentioned that.........in fact everywhere . BNM reports etc..

I am saying u still need to monitor their ( banks ) reports from time to time , then to blame others if things fail....

I am quite sure u could spot some fishing things out of Enron reports , rather solely blaming people like the Auditors.

If let say u have doubts like many do about China red chips, then making a decision to avoid them .........

Not all companies fall because of natural disasters , mostly man created ill intentions...........so u have to aware of.

Not impossible to know too if u pay attention to .

This post has been edited by SKY 1809: Dec 3 2013, 04:33 PM

But investors are happy with mere 3% dividend yield and expecting no capital growth , may as well park the money into FDs .

Let says REITs give 3% yield, u invest because u are happy with the trusted management ?

This post has been edited by SKY 1809: Dec 3 2013, 05:00 PM

Frankly speaking , good idea to park some money into reits , from profits made from share investing too.

5 to 6 % is still good then, not saying reits walls would not collapse easily , but has a purpose.

This post has been edited by SKY 1809: Dec 3 2013, 05:08 PM

Ya , in fact better than the American spy ........

Not always " wrong key in" , could be a forced sell from a bank margin account.

If u are familiar with banks lelong houses . then u know what I mean.

Extremely cheap at times but no way u can get it without insiders help.......

New system allows u to throw in bulk without a given price. So see who is the lucky winner or buyer.

This post has been edited by SKY 1809: Dec 4 2013, 03:09 PM

Most of our funds are imported from US ...... U think it is possible they continue to provide us cheap rates or money ..

And BNM does not have power to print money like Fed Ben, so who controls who

No ghosts , this time

Yields also not equal

Let say FD yields 3% x 5 yrs = 15 % low

1) REITS yield 5% x5 = 25% High
( but Minus Capital loss = 15% hidden ) net is 10% over 5 years

Many foumers still say REITS are far better than FDs in yields ...........but I say it depends on the timing (how long ago ) u buy ......

BTW FD yield is almost certain and could be better in the future , but can REITS break the 4 % barrier ?

That is why most forumers say reits investors say Capital loss is secondary, is it really true ? or rather self assured.......

This post has been edited by SKY 1809: Dec 5 2013, 01:02 PM

Well first thing first, it is often said that Capital element like Capital Gain is only secondary when investing in reits.......

In a way, new comers may think there is very low chance of a capital loss aka part of a Capital element ......

Though there seemed to be unspoken words ( or rather hidden ) of Capital Loss Concern here to show, BUT actually many actions taken by the forumers proved that they were relatively unconcerned about Capital Loss in the first place........

One good example is whenever REITS traded at Peak Prices ( few months ago ) and just drop a mere 3 SEN or so, many jumped in joy of going to sapu at 3sen opportunity gain ........in other words , no fear of further Capital Loss at all.

( Well, concern starts to surface after maybe after a 15 to 20% drop from the peaks )

Gark and I sounded out about the impact of Fed Tapering, but mostly forumers regarded as noises....( so no concern , right ? )

What I say is more of the actions taken by the forumers than the actual spoken words .....spoken by them

In my stock analysis , I learn about unspoken words ( hinting ) of CEO in the reports too to judge the future Directions of a company .

My apology if I offend any one of you ......

This post has been edited by SKY 1809: Dec 5 2013, 02:17 PM

MGS is not the sole threat to reits, other threats like the jumps in BLR and FD rates . A jump in inflation ( sounds familiar to anyone of u, GST , fuel subsidy etc ) . Gvt accounts Deficits ?

well just the possibilities , not saying it will.....

This post has been edited by SKY 1809: Dec 5 2013, 05:41 PM

What I mean about inflation impact is BNM uses it as a tool to adjust our lending rates . And I believe Inflation is quite active from now on........

This post has been edited by SKY 1809: Dec 5 2013, 05:01 PM

Well our MGS or papers more or less tapered at 6% and below, but BLR could go as high or even higher than 10% ....

For investment purpose, MGS rates are used , for bank lending purposes , BLRs are important......


Honestly, if MGS rates overtake BLR ( u say it happens in Indonesia ) , signs of incoming mini crisis .......... That is why Indo Govt is working very very hard on this problem.......to solve.

Now our Gvt also says it is time to listen to Investors aka Fitch, Moody , S & P.........

That is why I have some reservations on Indo stock market, . partly also due to my lacking in familiarity of it.

This post has been edited by SKY 1809: Dec 5 2013, 06:04 PM

Asset Deflation associate more with Advance Economies than let say with emerging economies , probably due to HIGH GEARING per se. Through Gearing , assets can be produced in masses . And with Easy Credits, making it worse...

The end result, risk goes up after something " wrong " happened to Gearing along the way i.e cashflow problems

My reason for higher yields for Singapore reits cos they are of higher risks ( economy class/ gearing ) , and hence faster Asset deflation problems .

What do you think ? Sounds Logic ?

This post has been edited by SKY 1809: Dec 5 2013, 07:51 PM

Singapore Govt is rich, but I refer to Singapore REITs which I think ( might be wrong ) as weak.

What I know of WB bought lot of abandoned properties at the time when market shunned it.

What I say generally Gearing and easy credits are popular tools to build wealth in Advance Economy aka the private sectors , not saying it is bad.

But when economy takes a bad turn, cashflow problems may surface . So asset deflation becomes more severe when everyone is looking for buyers .......if they cannot find more Gearing.....

Certainly some companies are cash rich like Apple, but not generally across the board type.

This post has been edited by SKY 1809: Dec 5 2013, 09:44 PM