Fully divested Lendlease Reit at an average price of $0.5149 just before STI crashed to the 3,500 level. With the divestment, due to its capital-less nature, the sale proceed received is 4.17% of the capital of the Income section of the portfolio. In addition, the amount of dividend collected along the way amount to 1.17% of the capital of the Income section. As such, this gave a total return of 5.34% with reference to the total amount of capital injected in the Income section of the portfolio.
Lendlease Reit was first added in 2020 adopting the capital-less strategy. It was initially classified under the Strategic section. Then in 2021, further quantity was added after swapping CapitaR China Trust (also capital-less investment) for it. This was later relocate from Strategic section to Income section. So, after holding for 5 years, decided to part way with it. This investment has been a neither here nor there type of investment for the past 5 years. Coupling with the observation from my developed Ichimoku AI system indicating a bearish outlook despite STI scaling higher and higher (refer here), just divest it and take the cash. Pretty straight forward, no second thought. After divestment, STI crashed like nobody business to the 3,400+ level and that directly indicated that my developed Ichimoku AI system has passed its first real test with flying colour in predicting for STI (refer here).
This is not the first time I did strategic divestment before market crashed. The first was in 2019 based on Elliott Wave that was analyzed and foreseeing a potential crash in market and it happened in 2020 due to Covid-19. This is the 2nd time I did strategic divestment before market crashed already but this time is based on the Ichimoku AI system that I have developed to predict market direction.
From this divestment, the total realized profit for the portfolio increased from +21.43% to +22.11%
