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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Marc Fortier who wrote (6245)8/30/2003 10:49:00 PM
From: Peter W. Panchyshyn  Read Replies (2) of 11633
 
It sounds a lot like investment through a DRIP.

------- I would not say a lot ,maybe a litte. Since a DRIP will follow the distribution schedule of the trusts itself (monthly). That maybe good ,it may not be. Good in the sense that it is a plan ,a strat. And any plan is always better than none. May not be in that at the highest part of the cycle one is also buying getting as a result less units than he otherwise could. Although as I said the longer ones outlook the less concern this becomes. ----------

I hold two stocks through DRIPs: AIT (Aliant) in Canada and DCI (Donaldson) in the US. I am in the money for the two, although DCI has been far superior so far.

I found over time that one can do the same in his own portfolio, provided he chose carefuly his holdings and stick to a long term approach.

------ Yes the data do support that the longer term approach is a wise choice------------

I hold GBT.a and added to my position while the stock when down a few years ago. I did not regret it. Now that it's more expensive I sold part of my position and still hold the core for the long term. If the stock goes down again, I might reinvest along the road.

I am trying to apply this strategy to other stocks or trusts. AET, REI and PKI are too expensive right now, IMO, to invest fresh capital. I would like to find two or three more trusts, in different sectors, to complement the portfolio. I am not in hurry.

------ Thats good to hear. The shorter term one thinks the more mistakes he can make. These mistakes like worrying over day to day things and news reports or projections can all lead to joe to doing the wrong thing at the wrong time. These add costs and create "real" losses that eat away at the gains one is trying to make ------------

In two or three years I should hold six or seven trusts and let the distributions grow by patiently adding to the positions over time.

------- Six or seven is a reasonable goal. I have heard of others who have 20 or more trusts in their portfolios. That is just plain too many, How can one honestly hope to manage that many. Especially if he is just a regular joe. I have about a dozen trusts. I do not work but live off my trust income and this is more than enough for me to handle ----- I am heavily weighted to the oil and gas side of things. But I also have one REIT and 3 trusts of trusts. One RTU.UN is resources based. The other 2 SDT and EIT give me exposure to the many newer trusts and the buisness trusts. I dont have the time or inclination to follow all those buisness trusts. And rely on the track record of the diversifieds to fill that area. ---------------
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