Sir Royalty Income Fund T.SRV.UN

Well

[maplak]

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.

[rabnud]

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

[Robsopinion]

$5500 a month in dividends as part of your income! Wow, I have drastically underestimated you sir! With money like that you would qualify for this amazing new investment that I just came across. There is a huge parcel of prime land in Florida. It is being split up and sections are available now. It's currently a "little swampy" but as soon as the drainage issues are worked out this

[alkhor]

Sounds like a great investment but unfortunatley I just invested all my money into a privatized bridge in New York

[rabnud]

do you work at being a moron or is it just a natrural occurance

[rabnud]

This post has been removed in accordance with Community Policy

[maplak]

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

[stockDabbler]

Have you dumped the rest of your SRV.UN?

[rabnud]

got 3200 left  slowly blow them out as I see other oppertunitys

[Robsopinion]

copper Rabnud, the oppertunity is in Copper.

[stockDabbler]

I just hold a bunch to diverisfy.  Asked the CEO, during the 2008 downturn how were you able to keep the dividend and not cut. He said families in a downturn delay renovations, vacation, delay upgrading their car, but the last thing they cut is going out to eat. Like the answer. like the product they put out but a lot competition now.  

[rabnud]

WELL isee this po$ continues his nose dive  glad I only have 2400  left to sell   never hated a stock worse than this except for TNT 

[rabnud]

another down day for this turd of a stock

[Robsopinion]

You must be fun to be around.

[rabnud]

This post has been removed in accordance with Community Policy

[rabnud]

LOL I see you had my last repsonse removed LOL liberal limp wrists are easly offended even though the message is true 

[rabnud]

well again today this PO$ down even further and everything else soaring and doing well