Boardwalk Real Estate Investment Trust T.BEI.UN

RE:Where From Here?

[malx1]

The real problem with these shareholders asking vague questions about selling units in relation to their ACB is that they don't take the time or make the effort to value the business in its current form, under current economic conditions.  Markets are in flux, they always are.  You couldn't give these units away for $20 in early 2020.  You had shareholders here complaining about "low" distribution yields and the "END" of Alberta economy.  Today we have all the "professionals" now piling into BEI.  Retailer buyers show up next.


Truth is, doesn't matter if you paid $50 or $1 for your units.

ACB's only matter to CRA.


If the business is worth $80-100, then you can:
1.  Hold
2.  Sell
3.  Trim


Everyone is different, so you cannot provide an accurate answer without finding out the following:

Time Horizon
Risk Tolerance
Need for income / Growth / both
Other opportunities showing better risk/reward scenario
Portfolio-specific parameters such as limiting equity weights to 2.5% or 5.0%

This is why folks need Investment Policy Statements.

Otherwise they are flying blind.


If the stock has become 50% of your equities, then by all means, sell some units.

Maybe you like the low-risk nature of BEI, maybe you're comfortable with the concentration levels.


People treat their stocks like they are sitting at a $1 slot machine with a $100 position of profit.

They can't wait to jump ship and blindly re-deploy their profits elsewhere.

That's the difference between retail and professional.



Exactly the reason why DIY investment crowd are best suited to own ETF's that hold baskets of equities.  Stop guessing, start investing.  It's not hard.

Thanks for posting this.  5i have some smart people working there but their answers to customer questions are shallow at best.


For those wanting to really figure out the value of 5i's advice, go look at their opinion of BEI when the units were $20.  I'd wager they discouraged others from buying.

Owned BEI for myself and past clients, only time I sold was when units were more than 5-10% of total equity weightings.

This is a business you own for DECADES, not months, not weeks.

We are on the way to $100 due to organic NAV building conducted by management, no amount of whining or complaining will change that.


Go enjoy life, check back in 3yrs.

People will then be asking if they should sell at $100 because their ACB is $50 and they need a Tesla.