RE:RE:RE:A dollar a day brings the doctor a callingAs mentioned, my wife & I gradually sold all our GRT throughout Feb, 2022 and were complretely out by Mar 2, Also as mentioned, I only did it because the yield had gotten under 3% and there were better stocks to own to increase our annual dividend income (result was an increase of $2960/yr).
I never ever expected GRT to get so totally hammered. It has led to a new investing rule for me - sell whenever the yield gets below 3% and buy higher yielders with the dough.
This indirectly happened to us with NPI (profit of $151.2k) & BEP.UN (profit of $140.2k). The initial main reason for selling was because pure renewables had become a total joke iwth being so over-priced and having so many problems. Coincidentally at the time, both were yielding under 3%.
I suspect GRT will bounce and for a total return investor, it definitely is in strong buy territory (we're income investors and don't really care about total return so we're not interested).
Ciao
Sarge
SargeX wrote: My wife & I are now completely out of GRT. Net result was a total profit of $86.9k. Very nice considering we first bought GRT in Jan, 2018 as a replacement for AAR.UN (Pure Industrial) which had been taken over.
As mentioned, we sold because the yield had gotten too low for us and there were better places to be. The end result of the GRT sell and its associated buys was an increase of $2960 in our annual dividend income.
We obviously loved our GRT experience but it was time to move on.
Ciao
Sarge
jcjohn36 wrote: Definitely getting hit harder than DIR AND SMU - I'm guessing a lot has to do with overall market. Chart does not look good - hesitant to add more with stock seeing lower highs and lower lows.