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.

Had an Accident this Morning!

Not my fault. I was rear ended! I'm Fine!!

My car!!

This is the car I built last year. Some of you may remember it.  I put so much effort restoring it.

On top of that, it's my birthday today. If you happy and you know clap your hands "clap, clap".

Anyway, I will have insurance company estimate repair cost. I don't think it's totaled. But it will cost a few grand replacing the trunk and the bumper.

Luckily, the rear quarters are intact, so replacing the parts should do the trick. It's an unexpected hustle added to my daily hustles.

Because of that, I may be late posting my August update! Take care, guys! Be safe! Catch you later!

New Stock Purchase: BPY.UN

Hey guys! New funds were available for investment so I decided to buy some shares today. In my previous post, I gave some ideas in what to invest in August. Well, I made a good use of it and decided to add more shares to my BPY position.

Brookfield Property Partners is one of the world's largest investors in real estate. The company has commercial properties in US, Canada, UK, Germany, Brazil, India, and South Korea. BPY currently owns 282 office properties, 168 retail destinations, residential apartment properties totaling 58,000 apartments, 123 hotels and resorts totaling 25,185 rooms; 49 student housing properties, and 68 logistic properties. The size of the company is insanely huge! $194 Billion of real estate assets under management!