The Singapore market (STI) was down 1.1% on Nov 19, giving a year-till-date return of 7.9% (including dividends). On Nov 19, the global stock markets were in general flat. Fortunately, our REITs portfolio continues to outperform the market so far. The REITs picks made a profit of 14.3% year-till-date. The advanced strategy grew by 25.8% and has outperformed the STI by almost 3 times! The yield on cost has been awesome as well, with a 13.6% yield!
Dividend wise, November was a very good month. With the earnings season in Oct and Nov, REITs typically pay out the Q3 dividends in Nov. We have five REITs that traded ex-dividend in Nov, with a total dividends of $2.6k. On the month-on-month basis, the portfolio was up 1%. The top performer in our portfolio is the Capitaland Retail China Trust. The effective dividend yield of the portfolio was about 13.6%.
With all the upcoming dividends, some portfolio rebalancing will be done, for premium subscribers, please refer to the monthly newsletter. The gearing of the portfolio was down slightly to 1.92 times.
Monthly Education Series
In November, we also launched the Monthly Education Series for our premium subscribers. There are two e-courses so far: Double-digit Yield Through Leverage Investing and REITs Investing Using The Warren Buffett Way. We will continue to publish monthly short e-courses on REITs investing as well as our investing strategies. Premium subscribers will get the full access for FREE.