$Lion-phillip S-Reit(CLR.SG)

Context

I noticed that S-REIT prices had been declining recently, and I saw the lower prices as an opportunity to average down and build my position gradually. Since I already had an interest in gaining exposure to the real estate sector for its potential distribution income and longer-term growth, I felt that the price drop gave me an opportunity to add at a more attractive level. My thinking was that rather than trying to time the exact bottom, I could use DCA to build my position progressively while maintaining a longer-term perspective.

My trade

I added to my S-REIT position yesterday because I saw the recent price decline as an opportunity to DCA. I did not want to invest a large amount at once, so I added a smaller amount to increase my exposure while keeping some capital available for future opportunities. My main reasons for adding were the lower entry price, potential distribution income and my existing long-term view on the sector. I was also comfortable with the idea that prices could continue to fluctuate in the short term, as my intention was to build the position gradually rather than make a short-term trade.

Takeaway

Next time, I would check whether the price drop is supported by attractive fundamentals before DCA, rather than assuming that a lower price automatically represents a better entry point.