Quote:
Originally Posted by homeboy604
I was looking at putting a sizable chunk into DRG-UN.TO. It pays 8.5-9% yield and distributes monthly. It's an equity REIT in $CAD that owns German office space. It has a pretty decent chart compared to almost every other CAD REIT out there right now.
I've been seeing REITs in general being talked about as good buys here after the recent sell off. A lot of them are under book value right now.
As for Canadian housing bubble, economists have been saying that canada housing has been overvalued, Canadians are over leveraged in credit, and that a crash is imminent for the last 5 years now.
This is completely possible but until markets start to turn in Toronto and Vancouver it doesn't mean much.
Calgary is a bit of a microcosm of the Canadian RE market since it's so affected by energy prices. The rest of Canada not so much.
http://dream.ca/global/wp-content/up...2015-Final.pdf
If you look at page 30 and page 31 you will noticed there the NIO is down. You notice share creep and earnings are down. Might be ok but I would not put a large position in it. Seems Germans should own German real estate. The Euro is transferred to CAD so you get same currency risks. Notice some real estate markets are down. If a crash is imminent you will get better deals after crash.
I looked at Vanguard VIG, you could just buy individual stocks and not be bad off. But annual expense ratio is 0.10 so very low and although some of these seem overvalued (JNJ, KO, CVS, MDT) not a bad list.
Microsoft Corporation MSFT 4.34
Johnson & Johnson Common Stock JNJ 3.97
International Business Machines IBM 3.93
Coca-Cola Company (The) Common KO 3.84
Procter & Gamble Company (The) PG 3.74
Wal-Mart Stores, Inc. Common St WMT 3.59
Pepsico, Inc. Common Stock PEP 3.35
CVS Health Corporation Common S CVS 2.70
QUALCOMM Incorporated QCOM 2.70
Medtronic plc. Ordinary Shares MDT 2.55
Look at what happen to many reits in 2008-2009 in the US. If real estate is overvalued, watch out.
https://www.jpmorganfunds.com/blobco...d_Families.pdf
You can also search hedge funds and etf that consistently beat the market and use them as source.
Last edited by steelhouse; 07-13-2015 at 03:35 AM.