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Should Have Bought More…

Byadmin

In the past week, since I bought some preferred shares in Brookfield Office Properties, the preferred shares are up 15%.

The classic problem – I should have bought more. My impulse was right (it usually is), but I didn’t go in with enough size.

The two issues of BPO preferred represents about 5% of my total portfolio at the moment. That’s not too bad, actually.

Bank of Canada recently announced they are holding steady on interest rates, and have now started leaning towards cuts sometime this year. So the high interest rates these preferred shares offer might remain high for a few years even once the BoC starts cutting.

Overall, I am really happy with my investment mix.

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