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

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To: Cogito Ergo Sum who wrote (7742)	10/1/2004 2:40:08 PM
From: LTBH	Read Replies (1) of 11633

Kastel, Completely agree on slow appreciation. It is nice to the see the gains but it is also counterproductive for an income investor. IMHO, the worst thing an income investor can do is pump a stock as some are wont to do. Higher price means lower distributions, higher new purchase costs and increased risk due to the higher pps. I love it when a trust pays 22, 24, 26% and plods along at the same price. Seems to me that many that currently call themselves "income" investors are really just traders. My philosopy is buy, hold, collect distributions and buy some more. I finally sold 25% of my ERF purchased at 16.50 to swap into something with a bit higher net than the ~7% am receiving on it (think was getting bout 22% when purchased). Luck Networm

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