Fortunately (or unfortunately), partial of the overall dividends I received over the years from my simple diversified portfolio managed to offset the capital loss from the sale of FSL shares. I will re-deploy the remaining funds from it for other investing opportunities.
My dream to become financially free, through regular passive income investing
Aug 23, 2012
Divested FSL shares
I have been watching in dismay it has cut its dividends next to almost nothing two quarters ago, till in its latest financial announcement in July 2012 about the restriction ("Relaxation Period") on it to pay out any distribution from this quarter until 30 June 2013. I believe as an ordinary unitholder and income investor, such development is very unfortunate and disappointing. Hence, I made a painful decision - sold off my 10 Lots of FSL shares on 22 August 2012.
Lesson learnt here: Trusts such as Shipping Trusts or Business Trusts are, unlike Reits, can cut or suspend their dividends/distribution to nothing anytime, so now I find them very risky to invest in, although they may display attractive/high dividend yield from time to time. I decide I will not touch them from now on.
Fortunately (or unfortunately), partial of the overall dividends I received over the years from my simple diversified portfolio managed to offset the capital loss from the sale of FSL shares. I will re-deploy the remaining funds from it for other investing opportunities.
Fortunately (or unfortunately), partial of the overall dividends I received over the years from my simple diversified portfolio managed to offset the capital loss from the sale of FSL shares. I will re-deploy the remaining funds from it for other investing opportunities.
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Excellent investment move.
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