Averaging down!!!!

          Do to the recent correction, I decided to average down on my trade in my margin account for Dundee REIT.  I decided to average down the cost per share was around $2.45 less than what I originally paid.  On June 6, I purchased 50 shares of Dundee REIT  @32.95 for a total of 1652.45 including commissions.

           So I now owe 120 shares of Dundee REIT with an ACB of $34.46. The yield on cost is 6.50%.  As this REIT pays monthly, I will get paid $22.40 monthly while I wait for my exit point. 

DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk