Wolf Money(Boustead Singapore sold)

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I have decided to sell my small situational play in Boustead Singapore. One of the main reasons was the rising yield of 10 years UST. Some Fed officials are warning the resurgence of inflation and Dec rate cuts might be the last in the near future. With both higher financing costs and risk free rates making any asset sales more challenging, unless the asset owners are willing to drop their prices. Secondly, the JB-SG SEZ will have negative implications on industrial landlords in Singapore. The market in recent days has turned negative. I am taking insurance by selling shares and raising cash. The Boustead sale resulted in a small loss of less than 1%. More information at the end of the month portfolio update. God Bless.

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All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.

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