GO Residential Shares Drop 3.3% After $410 Million Toronto IPO
Shares of GO Residential traded at $14.50 each on Friday as of 9:44 a.m. in Toronto, versus an IPO price of $15 apiece. The offering of 27.34 million shares priced on Thursday, according to a statement. The REIT will indirectly own a portfolio of luxury high-rise apartments in New York City, and plans to use the proceeds of the IPO to acquire them, a prospectus shows.
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And unlike a traditional retirement account, you don't have to wait decades to see your returns. For a growing generation of investors looking for something more flexible, more tangible, and more immediate, Arrived is proving to be a powerful supplement—or even an alternative—to the 401(k). The 401(k) Isn't Broken—But It's Not Built for Everyone Let's be clear: the 401(k) has its place. It's helped millions of workers build long-term retirement savings, especially when employers offer contribution matches. But it also comes with real limitations. You typically can't touch your money without penalties until you're 59½. The investment options are limited to a handful of mutual funds or ETFs chosen by your plan administrator. And your returns are tied entirely to market performance, with no real diversification outside of equities and bonds. Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. 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It's backed by Bezos Expeditions, the personal venture capital fund of Amazon founder Jeff Bezos. That investment—along with support from other top-tier investors—has allowed Arrived to scale quickly, vet properties rigorously, and build a platform that's as clean and intuitive as any modern fintech app. And the traction is real. Over 18,000 investors have used Arrived. Properties often sell out within minutes of going live, with minimum investments from $100. And the platform is expanding, with offerings that now include vacation rentals, private credit funds, and diversified real estate portfolios for those who want even broader exposure. See Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. It's no wonder Jeff Bezos holds over $250 million in art — this beloved alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. This article This Bezos-Backed Real Estate Startup Is Quietly Disrupting the 401(k) originally appeared on Sign in to access your portfolio
