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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Lorne Larson who wrote (4175)	9/12/2002 6:11:35 PM
From: bill	Read Replies (2) of 11633

I'm inclined to be a buy and hold sort of person but, from time to time, I sell on MOMO and then buy back when a stock drifts back. However, I've discovered the truth of not being able to trade in this mkt. and make a profit if using a full-service broker. Therefore, I'm assuming you're trading online. Even on line one has to take into account the fee in and out. With greenline that is 29.00 per 1,000 shares x 2 =58.00. If my math is correct that 5.8 cents a share. Do you use a broker who charges less than that? Is there a minimum number of shares that make the trades worthwhile? Could you use an actual example of GLH.UN, showing the movement plus the cost and the resulting profit and the number of shares. I bought GLH.UN sometime ago and, either out of inertia or conservatism, have simply been holding it, taking the distributions and watcing it rise steadily in price. In the case of GLH.UN with its share price rise, does the dividend stripping place you at risk of missing out on the capital gains that have been accruing? Thank you in advance for your reply and--keep it simple. Not all of us are hotshots at this sort of thing. Addendum: I rushed over to Stockwatch and checked on the GLH.UN distribution. 29.25 per quarter. If I bought 1,000 shares and then sold them after getting the dividend, I'd get 29.25 - 5.8 cents = 23.45. I'd then wait for the stock to go back up in price to my original buy price so all I'd "lose" would be the broker's fee--is that right? I'd ignore the potential capital gain (36 cents today) and simply buy back in the next quarter before dividend time and not worry about what the price was the previous quarter. I'm not disagreeing with your strategy, just thinking out loud as I try to absorb a new concept.

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