Results are in. Stock portfolio, real estate investment and MRP tender offer.
|Symbol||Company Name||Average Price||Mkt Price||Profit / Loss %|
|FB||San Miguel Foods and Beverages||62.1899||85.00||36.68%|
Year to Date Performance
I have tendered my shares on Melco. Its hard for me to trust the management now.
Best performer is still FB. Its a long term holding for me. Well, everything is a long term holding for me. The reason that I’m not selling those shares is that, I couldn’t find any other better stocks that I can completely understand.
I did sold some MER shares to buy MRP, hoping that the price of the tender would increase. But since it did not increase, I will have some cash reserves when the money for the tender has been settled. MRP still made me money, even for a little bit.
The Disney-Fox Deal
Still waiting for the deal to move forward. I’m just waiting for now.
Other Investments: My First Real Estate Rental Property
Value investing is not just in stocks, this month, I have bought a real estate property. With 9.6% rental yield. The tenant comes with it. I just bought it because the owner needs money and forced to sell. I like situations like those when other people are forced to sell. The investment is P250,000 for a property that rents out P2,000. 🙂 Its not much, but its still 9.6% yield. 🙂
Do you see that road? That’s a highway. Yes. That house should not be there. It should be a commercial property. Its in a place where development is starting to pick up. Its a long term hold too.
I hope to increase my investment with real estate in the future, provided that I can find bargain deals like those.