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

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To: Scott Mc who wrote (4852)11/14/2002 9:35:58 PM
From: Tommaso  Read Replies (3) of 11633
 
Well, since I do not have the time and do not know how to go around western Canada acquiring producing gas and oil resources and managing them, I am quite happy to pay someone 1.5 % to buy the properties and 3% to collect the income.

As I explained, the U. S. model where there are high fixed management expenses leads to total loss of capital on the part of the investor and all income used for the benefit of management. For some trusts.

I like the Canadian model of active acquisitions and continual pass-through of income much better. Of course, that, too, may turn out to have pitfalls.
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