TSX:BPO.PR.A - Post by User
Comment by
pierrelebelon Feb 27, 2024 10:56am
187 Views
Post# 35901359
RE:RE:Warren Buffet
RE:RE:Warren Buffetpierrelebel wrote: pierrelebel wrote: In 2008, amid one of the most severe financial crises in recent history, legendary investor Warren Buffett, chairman of Berkshire Hathaway, shared a piece of timeless wisdom that would resonate with investors for generations to come: “Be fearful when others are greedy, and be greedy when others are fearful.”
FEAR Index
The FEAR Index is now controlling the market.
Time to buy.
My wife and I purchased additional shares in BPO.PR.T in the last two weeks.
Today, we are starting to accumulate BPO.PR.A (reset in December 2024). Even when projecting a lower "Canada 5 year" of 3% by then, it brings the annual dividend to over $1.50 for a yield exceeding 21% by then.
Sometimes one gets lucky.
We started buying BPO.PR.A on October 30th 2023 at $7.16 (yield was 16.45% at that time), We kept on buying in November, December and January.
This morning they are trading at $12.49
We know that trend will not last but it feels good to get lucky with timing from time to time.
Now let's see with my projection for BPO.PR.T comes true: $17 within two months based on the new higher dividend being paid next month.