Catching the dip #2 – Brookfield Property Partners (BPY)

Bought 65 shares of Brookfield Property Partners (BPY) for 7,9$/share. Total cost – 475 EUR (523$) Annual post-tax dividend inome – 56 EUR. Yield on cost – 11,8%(!!!).

Well looks like my first Catching the dip – British petroleum (BP) turned out more or less ok. Altough my purchase price of 3,3 EUR was not the bottom, but after falling to as low as 2,5 EUR it bounced back to around 4 EUR and I think it should not fall any further as oil price started going back to more sustainable levels. Now one more investment catched my eye with huge decrease in price.

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Brookfield Property Partners (BPY) – since my purchase of this REIT in early January the price has crashed from 18$ to bellow 8$ or more then by half. As dividends hit my account as promised at 1st of April I decided to increase my holding here. Double digit return is something to take a risk for. If they will cut dividends for some time I’m ok with that. Company is heavy leveraged after their latest aquisition, but im hoping for the best. I think they will ride the storm. Lets wait and see. Either way my dividend portfolio is comming closer and closer to the 1kEUR mark 🙂

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