SRS Portfolio - 14 Sep 2024

The REITs positions in the SRS portfolio recovered in line with the rise of share price. The portfolio value is now around $428k and the unrealised loss has now narrowed to 4%.

No major news was announced during the month.

Not sure if you read this article in the Straits Times. The reporter made it sounds like momentum traders are into this counter but this is frankly a classic "pump and dump" by the syndicates. I have known of many "investors" who were lured into this by syndicates, only to be left holding on to the baby...

Anyway, investors are better off buying index ETFs if you want a market return (i.e. time in the market) and don't want to really watch the market.

Happy SRSing!