| This thread is obsessed with the age old argument over investment style. We have a spectrum, with buy and hold for ever at one end, and day trading at the other. It would be nice to know where the sweet spot on this spectrum lies, but there are other variables, such as who is doing the trading and over what time period, one year, 10 years, or 100 years. One thing is absolutely certain, and that is that we will not prove anything with anecdotal evidence, still less by shouting. For what it's worth, and that's very little, I will reveal my solution. I hold about 25 income trusts, the majority O and G royalty trusts. I have a self imposed limit on how much I will venture on any one. I re-invest all the distributions using the following crude criteria. I only buy if I'm lowering my average cost, and I favor the purchase that does the most lowering. Laugh if you will, but it keeps me from chasing up. For instance I like COS.UN, but I've held it a long time, with an average cost of 17, and I can't bring myself to fork out 38 for it. I am following this thread to get ideas in the kick-ass asset class (make that kick-asset class) of the present era. Keep the ideas coming but hold the rancor. |
