April 11, 2019. Well…… what can we say. Conditions have not dramatically changed over the last few days. We are looking at PTY and BPYPP for new buys but we have NOT pulled the trigger yet. It is so difficult finding a good position when the markets are trading just under all time highs.
At market open, BPYPP is priced too high.
We have been watching Randy Finny on his YouTube videos “Right Side of the Chart” for several months. In viewing dozens of financial videos on YouTube this is the only one that we like. Randy is a technician which means he is a ‘chartist’, NOT a “fundamentals” analyst. From what we have seen so far, he has an excellent knowledge of the financial markets. There is a new post two or three times a week. We strongly suggest you subscribe and watch.
Go to YouTube and search for Right Side of the Chart
BPYPP is a preferred for Brookfield Property Partners-see below. We already own a Brookfield CORPORATE BOND in the Core Portfolio but it only pays 4%:
| BUSINESS: Brookfield Property Partners L.P. is a diversified global real estate company that owns, operates and develops one of the largest portfolios of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage, student housing and manufactured housing assets. Its investment objective is to generate attractive long-term returns on equity of 12%−15% based on stable cash flows, asset appreciation and annual distribution growth of 5%−8%. The Company seeks to accomplish this objective by acquiring high quality assets in resilient and dynamic markets and pursuing diversification across both geographic areas and real estate sectors, and continually recycling capital from stabilized assets at or near peak values into higher-yielding strategies. BPY’s portfolio features some of the world’s best-known commercial properties.|
NOW IN OUR 6TH YEAR
NOTE TO NEW READERS: Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This blog is designed for investors seeking income.
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