Just a short update that I added more CFA this morning. The price jumped by 2% this morning after the FED’s announcement on a possible 3 rate cuts in 2024 to bring the rate to 4.6% by end of next year.
Nonetheless, if it can maintain its DPU, that still gives a yield of 6.1%. Pretty decent over CPF-OA 2.5% or T-bill high 3%. The only reason I am adding this and not other REITs counters is because I am only left with CPF that I can utilise for stock purchase.
Adding on to the earlier purchase last month, my average price for CFA is $0.814. This purchase also brings the REITSs allocation of my portfolio to 30%. So I will not be adding more REITs in the near future.
Do read my earlier post if you want to find out a bit more about CFA.
Referral
These are the referral links for the services and platforms I used. If you would like to use any of them, do sign up my referral links.
Trust Bank (code: 1X9DDP1V, additional $10 Fairprice voucher)
Keppel Electric
FSMOne (code: P0003528)
StocksCafe (code: TFI)
Moomoo
Webull