Sir Royalty Income Fund SIRZF

RE:RE:Well

[maplak]

rabnud wrote: well as we say everyone is entitled to their opinion  Buying into it now seemed a reasonable price and real decent return they have not missed any dist payment for a long time and are steady I look for income and hope i dont lose any investment value;; I have 10 dist paying stocks and collect  $5500  per month  as part of my income  ;; beleive you me I have lost a chitload of money in reits when they got absolutely murdered during covid and then when interet rates went nuts all thanks in most to a totally inept federal government and BOC personal ;;Buying FCD in last  2 weeks ago at a  low price verses a year go iam up  1800$ its like any stock depends when you bought it  The absolute best div paying stock profit wise (gross price increae) I have is ZWK  In reality most all stocks are a risk; two others that pay like 13-15% are BKCL and CNCL ;; markets been up huge last two weeks so we shall see going forward 

maplak wrote:

let me comment on this one since out of his 3 picks I own FCD.UN for while in 3 accounts. I am down in all three $ 3240 while collecting $ 1100 in dividends a year from all of them. So in my terminology I call FCD  underdog. Let's say if share price stays where it is it will take me 3 years of collecting dividends to break even. So what is the point of dividend income then? 

Now this reit is struggling but on the way to recovery. During the covid time share holders experienced a massive share dilution. You can't  trust management. The management is fixing and upgrading property and increasing the rents. Last quarter pay out ratio was 110% if not mistaken now is about 100%. They just restructured some debt. Interest rates drop will help them going forward so I would upgrade them from underdog to a dog. Will holdem for high dividend but my goal is to grow the capital as well. Dividend % is not always decisive for me . For example I own US reit SPG in two accounts up 22 % in one 66% in the other one ,  while collecting the average dividend of 5-6 % since they have a good record of increasing it. Plus I own a lot of similar stocks. 

My dividend portfolio is growing and it hit all time high excluding dividends. My personal policy is not to use dividends to subsidize my portfolio growth. I don't reinvest my dividend I take them out and spend all of it since I am retired. I have done my saving  prior to my retirement. Enough is enough. 

I have to agree with you. I went through very similar experiences when I started to build my portfolio during the pandemic. I got into thouse US REITS like IVR, TWO, RWT,RC but they make money on interest money spreads. Bottom line is cheap money supply . At very beginning I was making good money but when Feds started to increase interest rates they were getting screwed and big time. Some of them I dumped with a little profit but overall I lost money. Only highlight was they paid out huge dividends and still are. I was getting on average 13- 18% . On RWT I lost $3900 but because I sold RUS with good profit I wrote it off. Still had some capital gains so my wife had to pay money back to government since she also collected lot of dividends. I had to rescue the situation with buying SDRSP so money stayed in family since I " love " government so much. I made good money on TD, CNQ EIF. Sold first  two and gave money to my daughter for down payment to buy condo. After I have restructured my portfolio a bit bought Citigroup instead of Canadian banks but so far so good the earnings will tell. Also bought BIP. UN  which had nice comeback on Thursday.

Since I lost money on RWT I bought it back again because Canadian CPP fund just invested 3/4 billion in it. I think when Fed starts cutting interest rates all this REIT start benefiting from it. That's why CPP fund got involved. I think. 

Redwood Trust, Inc. (NYSE: RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, and Canada Pension Plan Investment Board ("CPP Investments"), through subsidiaries of CPPIB Credit Investments Inc., today announced a $750 million strategic capital partnership.