Brookfield Property Partners L.P. BPY

Did bpy start buying shares again?!?!

[NPCexe]

I got burned thinking it would go down this week! GAH

[rad10]

  Sorry to hear ;-). Market timing is a suckers game.  If you think it's cheap - load up and hold on until you think it isn't.  Volatile times ahead.  Dividend will cushion the bumpy ride. all the best.

[NPCexe]

problem is greed... I don't have much $$ for retirement, so trading this sucker once in a while was my get rich quick scheme. Then live off the dividend XD

[maplak]

Don't buy one stock.I am planning to retire in 19 months so I bought a basket of 16 dividend paying stocks.On approximately $135 000 I am getting yearly exactly $ 9000 as of now. Just a little helper to my retirement nest. Plus of course potential stock appreciation when we get over with covid.

[NPCexe]

thanks for sharing, but you see, I'm both a novice investor AND greedy, a BAD combination XD once I double my money on BPY I'll be able to call myself an expert, hah! One thing about diversifying I find is that I can't trade 16 stocks daily, whereas if you have a big chunk in BPY it is easier to trade it once or twice a week, especially since these BB are making us money. Once it dies

[SargeX]

Hey NP Very interesting. I find that most new investors are indeed greedy and looking for the home run. I think it's quite a stressful way to invest and it sure seems like there are a number that find it doesn't work out for them. MAP is in a whole different boat as he is nearing retirement so won't have any employment income to fall back on. Income becomes way more important. I'

[NPCexe]

thanks Sarge, I agree diversification is key, and I'll eventually learn to put the stress from short term trading aside (not worth the heart attacks). I guess if you buy anything right now (banks, oil, utility, reit) at these pandemic levels, you're certain to double in the next 5-10 years. Maybe I should sit back and relax...

[SargeX]

Hey NP Having been roasted by oil & gas producers in 2014-2015, I have decided to never buy any for the long term. I think they are fine to trade but just cannot be counted on.  I actually will never invest for the long term in anything that is commodity related as it is too unpredictable for me. I never mind sharing what my wilfe & I hold so I've included that below. Note that

[maplak]

You have 28 different companies. In my portfolio of 18 I own 5 of yours. The other 2 of yours ( Telus and H.R REIT ) I have sold and replaced with BPY.UN.It is my biggest holding as of now. Reason I took a chance is my other diversification like GIC @3.4 % for 5 years  plus a basket of mutual funds managed by Desjardines for incredible low management fee of .25 %. 

[NPCexe]

thanks brother, much appreciated. I might have to go with midstream/pipelines for a little more risk but higher capital appreciation potential. I don't think the greenies will win.. and if they do... I think we will have bigger problems. I bought a lot of KEY and SU for that reason. In the short term though we need to watch what the bpy sp does after all the bb. Can only know week to week

[YieldChaser88]

Nice list.   Thank you very much ! What kind of income taxes do you pay on these distributions, on average ?

[maplak]

Very little. Government is encouraging people to buy dividend paying stocks as a income. In cash account not much plus I think you get lot of tax credits.In RRSP account you don't pay anything till you cash out and then it becomes part of your income.In TFSA account everything is tax free but on the other hand you can't claim capital loss.

[Ladislav3]

BPY still surging. If NCIB has not resumed then it might be that shorts have seen the light and started to cover (I recall reading recently that as many as 30% of shares were shorted).

[rad10]

SPG / BPY announcement with JC Penney should be Monday. https://www.cbsnews.com/news/jcpenney-bankruptcy-hope-exit-christmas/

[NPCexe]

theres no way this isn't the ncib. Isnt there a way to check?

[SargeX]

Hey Yield Very good question as I spent quite a bit of time on tax planning. My main goal was to avoid OAS clawback until my wife turns 72. Then there's no way aorund it with the forcedRRIF withdrawals with my large RRIF and my wife's large RRSP (when it is forced into a RRIF). It takes a lot of juggling but the plan looks like it will work. I can't really go into too much detail as

[WEBuffettisbest]

How are MLP's taxed or are they in registered account?

[WEBuffettisbest]

I expect that ncib is still ongoing, but also Bam may be buying also. May find out the end of the month.