STOCK ALERT! SWITCH AND SLICE
We have a few timely recommendations from our Truly Rich Club stock market mentors and analysts.
1. SWITCH FROM REAL ESTATE TO REIT'S
We are recommending selling real estate stocks and switching to their REIT counterparts. Specifically, switching ALI to ARIET and MEG to MREIT. If you have RLC and FLI, you can also switch to either AREIT or MREIT.
The reason behind this is that REITās are also down now, just like their real estate sponsors, but REITās are paying higher dividends. Thus, as we wait for the market to recover, waiting will be more rewarding with REITās over the long-term, because of the higher dividends they offer than their respective real estate or property stocks.
Another Option: Apart from REITās, you may also buy DNL and RRHI . They are also cheap, and they also pay high dividends. They are Boās Stock Picks for October.
2. TOP SLICE FROM DMC AND SCC
If your DMC and SCC investments have gone up by at least 10%, we are recommending the option to top slice. This means selling perhaps 30-50% of their DMC and SCC shares, and leaving the rest invested to continue riding the stock.
The money youāll get from top slicing can be kept for a better time to buy DMC and SCC again, if their share prices go down or if another of our stock picks goes down.
The rationale here is that DMC and SCC may go down (or sideways) in the short-term, but its long-term projection is still fantastic. Thus, top slicing will allow you to lock-in profits already made, and staying invested with the rest of the shares you have will allow you to participate in its growth over the long-term.
3. SWITCH CEB TO DNL
Back in 2020, we have already recommended the sale or switch of CEB to one of our SAM stocks. However, if there are still some of you who are still holding on to CEB shares, we recommend that you switch them now to DNL.
CEB may be doing well now in terms of its earnings. However, analysts say there are so many āifāsā or uncertainty that could happen that would negatively affect the business of CEB ā like the possibility of war that usually leads to raising oil prices, and thus become a huge expense for airlines. So, best to switch to DNL which we see may perform better overtime in the market and also gives good dividends.
4. SWITCH CHP TO DNL OR RRHI
For several years now, weāve been asking people to switch this stock, and this might be the last time we are making this reminder. Not because weāve lost patience. No. But because CHP might get delisted from the stock market.
So, just in case youāre still holding on to this stock, we recommend that you sell it already while you still can. And from the proceeds of that sale, you may buy our stock picks this October ā DNL and RRHI to regain your investment overtime.