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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Taikun who wrote (9941)	6/3/2005 2:42:07 PM
From: Tommaso	Read Replies (1) of 37387

>>>I found out it is full of underlying trusts with bad metrics <<< Like these: oilpatchupdates.com Well, I have been collecting a currently tax-free return of about 20% on much of my original investment in ES, and the stock itself has not done badly: finance.yahoo.com >>>Part of the problem is the huge fees ES, EN extract.<<< Scotia Bank, as revealed in the prospectuses of both ES and EN, took an offering fee that was comparable to what many mutual funds used to charge, something like 5%. I did not buy the fund at its initial offering (I could not, as a US citizen). Of course, I would prefer that Scotia Bank just work for me for free, but I don't think they could. Anyway, the ongoing fees are not very high, and ES is the only way I can in effect get a free margin loan to enjoy the income from these trusts. >>> also found out it is levered 1.7x to the price of underlying trusts,<<< Are you saying that you bought it without knowing that? That's WHY I bought it. >>>Rogers management is uninspiring. <<< What a funny thing to say. It sounds disparaging. But for one thing, it's not clear if you mean the trust or one of the combined companies it owns. The sugar produced by these companies is sold at world market prices, which are quite depressed by historical standards. The income from the trust is 9% even at these low prices. I don't think you have looked at RSI.UN very carefully.

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