A conversation with a reader led to a discussion about an old dusty investment which I would not have made knowing what I know today:
if you like aims cap reit management so much, then do you like aims property fund?
it is a fund of funds
just that alone made it a mistake
In case you are wondering, AIMS Property Securities Fund (formerly MacarthurCook Property Securities Fund) is still in my investment portfolio.
I took up the rights units I was entitled to and I also applied for excess rights during the fund raising exercises after crunching some numbers and deciding that the fund would be able to pay decent enough dividends in due course.
Getting in years ago when I did at a much higher price without fully understanding what I was getting myself into was a mistake.
However, participating in the rights issues after doing much more research and deciding that it had become a bargain then has proven to be rewarding.
All investments are good investments at the right price.
For more information on the fund:
AIMS AMP Capital Industrial REIT