2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: TobagoJack who wrote (803)	9/24/2005 3:13:50 PM
From: Slagle	Read Replies (2) of 217544

TobagoJack Re: "Canadian Royalty Trusts" I was first made aware of these things several years ago by an Edward Jones broker. Jones is mainly a small town broker, with lots of elderly and widows and orphans income oriented type accounts. I think that Jones actually has the most individual offices of all the brokers, mainly in the suburbs and in small towns. They are very expenisve commission wise and their recommendations are as useless and dangersous as any. But they used to be pretty good on bonds and fixed income. And I am sure that what they were trying to do with the CRT's was to find some income investment as there was nothing worthwhile in USA bonds or other securities. Anyway what the broker was recommending were the US listed CRT's but they were able to buy the Canadian listed ones also. I bought I think PGH and later a non-US listed one. When I bought that one the broker made me sign a release. <g> Jones never put out a recommendation on these trusts but I know the idea must have come from headquarters because a different Jones broker made the same proposition to a cousin of mine. Now Jones is notorious for never being any help at all when an investment goes south, but on something like this it could be that St. Louis could advise all the brokers to get out of the CRT's, leading to a thundering herd. Later on I bought a whole bunch more, Labador Iron Ore, TimberWest, Great Lakes Carbon along with the energy ones like Zargon, COS and ES ect. At one time I hade a UTE that was set up as a trust. If you don't think that this could get ugly just look at the chart of HTE. But then the US trusts are so pricey. I think it is likely that they all will come down a notch or two. Slagle

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