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Bullboard - Stock Discussion Forum RioCan Real Estate Investment Trust T.REI.UN

Alternate Symbol(s):  RIOCF

RioCan Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, manages, and develops retail-focused mixed-use properties. Its portfolio includes leasing, development, and residential. The Company’s properties are held by various tenants, such as grocery, pharmacy, liquor, personal services, and specialty and value retailers. The Company’s portfolio is... see more

TSX:REI.UN - Post Discussion

RioCan Real Estate Investment Trust > TIME TO DUMP THIS TURD AND BUY THE NASDAQ
View:
Post by thenewsnake on Jul 21, 2020 2:57pm

TIME TO DUMP THIS TURD AND BUY THE NASDAQ

REITS ARE TOXIC!!!!!!!!!!!!!!!
Comment by Sapho on Jul 21, 2020 4:57pm
While I like the income. I could have gotten same income and capital gains from many other stocks 4 months ago. Wasted money and time. 
Comment by thenewsnake on Jul 21, 2020 5:26pm
Exactly.  Indices up 45%, nasdaq 50%, trillions of free money, not 1 dime goes into REITS? PATHETIC!!!!!!!!!!!!!!
Comment by born2trade on Jul 21, 2020 5:38pm
This is why it is important to have a diversified portfolio.  I own this since March and it is by far the worst performing stock I own. However, I don't loose sleep over it because I also bought pipelines, utilities etc around that time. Those stocks are doing very well. I locked in over 14% yield on couple of pipelines and they have more than doubled since then . even utilties are up 35 ...more  
Comment by shawshank2 on Jul 21, 2020 7:54pm
Buying in march april def took some balls. By all rights it could have gone the other way and tanked further. I am heavily weighted in reits many of which are only 20% off their highs of 52 weeks. The reality is if you were too chicken such as myself to buy when oil was at negative 35$ and it was clear the economy was in shambles/ height of covid then there is no risk/ reward in tech and other ...more  
Comment by born2trade on Jul 21, 2020 10:05pm
Yes , it could definitely have gone lower but Fed announcement stopped the slide. I had invested in these pipelines before but had sold them last year to pay for the down payment on property. So, it worked for me as I didn't need to do much research. I bought IPL when it was yielding roughly 28% (still can't believe it) and was expecting 50% cut. But cut was much more than that and these ...more  
Comment by CANCDN on Jul 21, 2020 10:15pm
Sure you did. You called the bottom eh. pics or gtfo
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