With the uncertainty in the whether interest rates will rise or stay the same as affected the values of REITs. In Canada, the REITs also have to deal with the effects of low oil prices. This is caused the price of REITs to fall and remain low over the past several months.
So I decided to TURN drip on for Dream Office (Ticker Symbol D.UN.TO) in both the margin account and TFSA. I also decided to turn the DRIP on the Cominar REIT (Ticker Symbol CUF.UN.TO) inside the TFSA. As there was issue with getting a confirmation from my brokerage, these DRIPs might not happen until November 15, 2016 payment. These DRIPs will allow for the purchase of whole shares only.
Disclosure: Long D.UN.TO and CUF.UN.TO
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.
Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.
Good plan. I DRIP all of my REITs right now because I think they are all winners. :) The next REIT I might add to my portfolio is CAR.UN.
ReplyDeleteLiquid,
DeleteThe Adjusted cost basis is down on these, so I will take advantage of it to reduce cost basis.
IP -
ReplyDeleteNice job and think you'll enjoy the automated DRIP machine in action : ) Definitely let us know what you think after a few rounds!
-Lanny
I have DRIP D.UN.TO inside TFSA before buy not the 2 other positions. I have used DRIP in the past on other positions in brokerage accounts. My brokerage does not pass the discount on that some stocks have when dripping.
DeleteI have a position in Enbridge and Bank of Nova Scotia with the transfer agent that have full DRIP on.