I have sold First REIT last week and M1 Limited yesterday. This is mainly a technical call as i look to pick them up at cheaper price.
There is no change in the fundamentals. I might be wrong with my decision on First REIT but recent events have shown that First REIT can be really defensive.
As for M1 Limited, price is on a high side. I don’t buy the analyst call that they will do a special distribution and at 6.5-7% yield, i think the smart choice is to sell and buy back lower if possible.
Best Regards.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend. All opinions on Investment Moats are his own and does not represent the views of Providend.
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