Sold Dream Global REIT (DRG.UN.TO). Invested in Northland Power (NPI.TO) and Genworth MI Canada (MIC.TO)

The Buyout of Dream Global REIT

If you're a shareholder of Dream Global REIT (DRG.UN.TO), you're probably know by now that the company will be acquired in December 2019. Last week, the company received a buyout offer, consequently I decided to sell my shares today and reinvest in other solid companies.

I've been a shareholder of DRG since early 2016. DRG is a pure European play. This was my only exposure to European real estate. I really liked their properties. I had 225 shares at an average cost of $9.05 per share. I sold all shares today for $16.57 and locked in $1,692 of capital gain. I also received over $500 in dividends for holding the stock for three years. Overall, my total return was around 100% thanks to the acquisition. Although, it's a great return, it's still sucks to see it go. It's the second REIT from my portfolio being bought this year. If you recall, a few months ago, Pure Multi-Family REIT was in a buyout deal as well.


What do you do for a living? Manage a 350K Portfolio

Today I'm going to share a story about my work colleague from my previous job. Going back to 2010, I knew a guy at my work who quit his job with a 350K stock portfolio. For the purpose of this article, I will call him John (not his real name). For dividend growth investors, a 350K portfolio is very small and it would be almost impossible to achieve financial independence unless your living expense is under a $1,000 per month. In my case, a 350K portfolio would generate approximately $1,450 per month which is not enough to cover my cost of living. My cost of living in Montreal city with two kids is around $4,000 per month. So how did John succeeded to make a living from his portfolio?



Portfolio Value Update - August 2019


Hello everybody. Welcome back to my blog. I’ve been very busy lately and I apologize for delaying my August update. In terms of portfolio progress, August was a great month, no complaints here. On a personal note, my wife and I celebrated our birthdays together. We’re August birthday people with one week apart so we celebrate our birthdays together. And to spoil the wife, we got her a brand new Samsung s10+. It’s a nice phone! Anyway, let’s dive into the numbers and see how my portfolio did in August.