Recent Sale and New Buy!

Hey guys! There was some movement in my investment portfolio. I did some selling and buying today. Let’s start with a sale.

PURE MULTI-FAMILY REIT (RUF.UN.TO)

Unfortunately, I sold all my shares in this company. They are in the process of being acquired by Cortland Partners. Pure Multi-Family was a great publicly-traded company with lots of potential and good dividend. I knew that they were going to be acquired this year. They did receive an offer last year, but it didn’t go through. REITs like that don’t stay on the market for too long. I really like their properties. They mainly focus on resort-style apartment communities, like in the picture below.

When can I be Financially Independent?

Today is one of those days I wish I was financially independent. I don’t want fancy things. All I want is to have enough income from other sources to cover my living expenses. Once I achieve that goal, I can live on my terms. The longer I live, the more I realize how important freedom is. Today’s society is financially corrupt. We live in a material world where the money is required for everything. People are obligated to work every day to pay for the mortgage, rent, cars, food, utilities, insurances, daycare, education, transportation, entertainment – basically for everything. Constant cash flow is necessary to survive in our world. Unfortunately, you can’t mine money, you can’t print money, you can’t magically duplicate paper money. The only way to make money is to work. Either you work for a company, or work from home, or run a business, you constantly have to exchange your time for the money. For me, freedom means having free time. The more free time you have the more “free” you are.

Portfolio Value Update - June 2019

Welcome back to my blog. First off, Happy Canada Day to all my Canadian followers. We went downtown to see the parade and I made a video of it. I actually uploaded the video to my YouTube channel this morning. 

Portfolio Value
In June, my portfolio value increased by $1,667 to $73,992. Finally, it broke the iceberg. For the past 3 months, my portfolio value wouldn't budge. It was stuck at 72K despite stock purchases and dividend reinvesting. I'm happy they way my stocks were performing in June. The balance closed 8 bucks short of hitting the 74K. I think I will surpass that next month.