Can't compare to AXREIT. Up 9 cents. Looks like some big fund wants to come back into Malaysian REITs.

I use it too. It shows 0.00 price for stocks that have no transactions today. Probably due to a change in how Bursa makes its data publicly available? Hopefully the owner of the site will fix it soon.

For what it's worth, I'm still holding on to my REITs with no intention to sell though I do regret not selling when the price peaked and yields were in the 4% to 5% range. Too late now. I will probably buy more if it drops another 10% or so.

Edited to add: actually I did sell some when prices were high: CMMT and KLCCP but kept most of my REITs.

This post has been edited by wankongyew: Dec 12 2013, 04:42 PM

But AXREIT at peak hit more than 4.10. Even I thought that was stupidly overvalued. But then I thought, my buy price is really low so I don't care, just keep for dividends. Now I see the price is going to break 3.00 and realize that I should have sold at 4.10 and bought back later, at least when net dividends were more than 5% or so.

I was surprised to see Alex Lu writing that REITs have now fallen sufficiently low to be interesting again.

Wow, AXREIT still dropping but with low volume. I personally set target to buy at around 2.9. Looks like it can be quite likely.

Bond prices dropped, that's why most local bond funds aren't doing so well. Increased yields directly imply lower prices, same as REITs.

Time to buy AXREIT? I promised I would and I will. But I'll wait on Monday first to see if index drops below 1800.

Just because I'm happy to buy something at a certain price doesn't mean that I won't be even happier to buy it at a lower price than that, right?

Anyway, the reasoning is that if the index breaks 1800, it could go tumbling down a ways after that, signalling a downtrend or correction. I would expect most counters to drop at least slightly if such an event occurs, no?

Presumably tapering will go on at an irregular pace until the amount drops to zero eventually. After all, having the Fed buy assets on the open market isn't natural. And the tapering has already started since monthly bond purchases were cut by $10 billion.

This post has been edited by wankongyew: Jan 17 2014, 12:08 PM

I disagree with this sentiment. It implies that when the money is not invested, it is not earning a return. It is not a binary proposition, either keep cash or invest in stock A. Instead, there is a spectrum of possibilities. I may be interested in stock A and keeping an eye on it, but at the same time my cash could be in fixed deposits, or a bond fund, or stock B etc.

There is a snarky condescension in this post which I find slightly offensive. In any case, you have once again assumed without any input from me that the point of comparison is FD. In my case, it is two bond funds with Public Mutual, both of which have actually underperformed FD over the past year but have outperformed FD in previous years. The comparison isn't that clear cut now is it?

Your assumption of a 5% inflation rate directly implies that all investment in Malaysian government securities, in most bond funds and even in some local REITs cause a net loss in purchasing power since they do not pass that hurdle. You also ignore the prospect of risk and capital loss in making these statements.

Finally given that your personal hurdle rate is so high, may I ask which investments do you personally undertake that allows you to comfortably exceed that rate with a reasonable degree of risk?

This chart doesn't have January, so we have to wait until beginning of March to judge it. Anyway it applies to Hang Seng Index. Where's the KLCI one?