Market Downturn! Here Are My Thoughts & Reflections...
I think it's rather apt to say that the market has been an absolute bloodbath in recent times, with REITs as an asset class taking an especially heavy beating. Today's post will be a short one, in which I will discuss what are my personal views when it comes market downturns and how I respond to them. Source: ET Money Firstly, I just want to outline how I've personally been affected by the onslaught on REIT prices. It's no secret that my portfolio is heavily concentrated in United Hampshire US REIT, with the sole ticker having a whopping 65% weightage in my portfolio. The security's price has dipped to levels down to 0.345 USD per unit which is rather far from its previously relatively stable price of 0.42USD per unit. Hence, almost all my portfolio gains were wiped from the start of the year, and I'm now sitting on only a meagre profit YTD. However, my convictions in the REIT are still strong and I firmly believe the fundamentals are still sound. Hence, I am re