Kanadier sind wütend, nachdem Immobilienfonds ihr Geld sperren

Suddenly, „illiquid“ is a bad word.

I’m shocked that these people are shocked.

It’s in the prospectus, and happens with regularity with those types of funds. Anyone who owns one should have been fully aware of the risk. If not, try suing your advisor. But they probably signed something saying they understood. Sometimes the fund collapses if forced to continue payouts, so it’s not wrong to allow them to suspend distributions.

You have to be colossally dumb to be a property manager for decades and have $2 million to invest in real estate without realizing that the fund can suspend withdrawals.

Just once I’d like to see financial reporting about some investment going bad, and have them interview an investor who says, „Yup, I put my money in a relatively speculative and risky investment for sophisticated investors, and it didn’t go my way. Them’s the breaks. Fortunately I only put a reasonable percentage of my net worth in it, and not the entire thing like a moron!“

He and his Dad each put in $1m, and are still getting 2%/month, thats $20k per month. I do not weep for him.