We allocated 3% of our Flagship Growth Portfolio into online real estate platform REA yesterday ~$123, we were hoping to start accumulating under $120 but the stocks remained resilient, even yesterday it only fell -2.1%, outperforming both the broad market and Tech Sector which fell -2.6% & -3.2% respectively.
- We continue to like REA believing it will be a major beneficiary when bond yields ultimately stabilise.
MM will consider adding to our REA position ~$115, or 7% lower if it trades there
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