TSX:BPO.P.A - Post by User
Comment by
pierrelebelon Dec 10, 2023 11:52am
163 Views
Post# 35776854
RE:I think it's official, Capital Market System is Broken.
RE:I think it's official, Capital Market System is Broken.
CrazyTrader wrote : "...it just keeps getting crazier and crazier...."
Do not worry about it.
Your BPO investments are currently earning a very high yield and your capital will grow substantially by 2026. Be patient. Ignore the daily, weekly or monthly fluctuations. They are not relevant to your long term investments.
We are most likely entering a recession which will lead to slightly lower interest rates. This environment will result in higher share prices for most preferred shares, utilities, pipelines, telcos, REITs, etc...
My wife and I have increased our REIT investments in the last few days, MRT.UN more specifically. Insiders have been buying units daily for the last several months, absorbing most of the expected "tax loss selling" at this time of the year. While the distribution yield is currently low at 4.5%, I expect the controlling interests (nearly 80%) to take over the minority units at some point in 2024. That may result in a 30%-40% capital appreciation.
As always, patience will be rewarded.