TSX:INO.UN - Post by User
Post by
Wantthetruth999on Sep 14, 2023 2:08am
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Post# 35635285
Why REITS are such good investments
Why REITS are such good investmentsIf you bought 10,000 shares at $3.21 ($32,100 investment) you get $4,125/year being a 12.85% return on investment. If the price drops to $3.15 (your invested amount drops to $31,500 - a drop of $600) but you still get $4,125/year and your return on investment goes up to 13.095%. Not to mention REITS amazing situation where they pay no income tax. And you put this in your RRSP/ RRIF/TFSA and you pay tax on only the amount withdrawn from your RRSP/RRIF and no tax at all coming out your TFSA. It works really great for retirement as you get the $4,125 every year no matter what the price is.