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Re: TIAA Real Estate Account VA Inflows/Outflows

Hi,

I have bought KIO twice recently, 4/28/20 @ $10.90 and 5/14/20 @ $10.60 each for several 100 shares. Friday 6/5/20 close there value was $13.03 (Up 19.54% in 38 days and 22.92% in 22 days) and I had a limit sell order (did not fill) set Friday @ $13.28 for the day on the first buy (4/28/20) shares. Taking profits on a portion (half) of a invest that runs up this quick in general is not a bad move.

S

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Re: TIAA Real Estate Account VA Inflows/Outflows


@NSkipper wrote:

Hi,

I have bought KIO twice recently, 4/28/20 @ $10.90 and 5/14/20 @ $10.60 each for several 100 shares. Friday 6/5/20 close there value was $13.03 (Up 19.54% in 38 days and 22.92% in 22 days) and I had a limit sell order (did not fill) set Friday @ $13.28 for the day on the first buy (4/28/20) shares. Taking profits on a portion (half) of a invest that runs up this quick in general is not a bad move.

S


Yes, Skipper. Good deal. I know that you have a good analytical ability as an EE.

My average price is still slightly higher because I had bought a few thousand shares before the recent downturn at high prices of around $16 - it was at a discount at that time. It is fine for me because I did not buy them for CG but for monthly distribution. The current yield will be about 10%. That is good enough for me.

By the way, the NAVs of CEFs are going back up again. It is very hard to find discounts now. However, KIO has a discount of around 6% even now.

I spent last Sunday sifting through the data of 40+ BDCs and came up with only 4 or 5 BDCs that were worth buying. However, all those discounts have disappeared this week. Am I going to sell for the CGs? No. I will take the distribution of 1% per month. I think that there is still one that may be worth buying. But, I have run out of cash now.

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Re: TIAA Real Estate Account VA Inflows/Outflows

Updated. Outflows have slowed down.

                       AUM           Price                  %Inflow/Outflow (+/-)

                                                                (from prior month)          YTD

12/31/19     27.308 B       440.422

01/31/20     27.289 B       440.389                 -0.062%

02/28/20     27.269 B       440.799                 -0.166%

03/31/20     26.04   B       440.894                 -4.528%

04/30/20     25.24   B       437.856                 -2.400%

05/31/20     24.54   B       435.134                 -2.165%                -9.044%

06/30/20     24.22  B        434.444                 -1.147%               -10.088%

YBB
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