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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: a.handbag. who wrote (6249)8/31/2003 1:54:16 AM
From: Peter W. Panchyshyn  Read Replies (1) of 11633
 
I have 23 trusts. I don't manage them. In fact I do exactly what you advocate. I buy them as cheap as possible, and invest my distributions by averaging down, or by finding a new trust at a good price. Speaking of which, does anyone have any suggestions? I can't see why there should be any limit to the number of trusts one holds, as long as one isn't constantly going in and out, which is your position.

------ Glad to see that you realize that constantly going in and out of a trust can and usually is a big no-no. Its also good to see that you invest your distributions by averaging down which is a proven good strategy especially when it comes to trusts. Now as to the notion of limiting ones number of trusts to a manageable level. Each investor will have a set finite (X) dollar amount he can invest at any one time. Part of that will include distributions part of that will include new money part of that may include borrowed money. That pie (all the money one has to invest) then has to get sliced into more and more smaller peices the greater the number of trusts one has. Is that a good thing or not? Is there a possible event that could come about that could make a larger peice of one or a few trusts ,more of a benefit, than much smaller peices of many more trusts? Then there is the issue of a persons time spent on his investments. Can a person do a better job following a few or can he do a better job following lots more? Like all investments these still have to be watched ,one still need be aware of all that is going on. Thats just proper and continued due diligence that needs to be done. -------
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