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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: David Culver who wrote (1329)	8/27/2001 10:13:55 PM
From: Peter W. Panchyshyn	Respond to of 11633

I also have PGF.un but find the price a little high given recent payouts. AY.UN seems like a better buy to me. -------- PGF.UN --- I like because of its size and that it is one of the longest ones around. Its track record. -------- AY.UN --- I got into more recently. A few months back. Taking advantage of its trading patterns. Which is the better buy now? Thats a tough one to answer. For me they both are. Right now I have a lot of income being generated by the trusts I hold. I look to using this income ( and gains from special situations - ERF.WT , EIT.RT ) to add to my holdings. Adding to these holdings then allows me to generate more income and even replacing the falling payouts in the short to near term. In a previous post I talked of my additional purchases adding around 30% to my income generated. Will continue to do this in the short to medium term ( as long as unit prices remain depressed ) looking to maintain or even increase the income generated by these trusts hopefully to the 50% or more levels. Beats having that money sit as cash generating such a small return. So since I am mostly concerned longer term with these trusts and the income they generate now , and the future income (""compounded"") that they will generate later and much later, the unit price whether a little high currently is not a major concern. Just so long as the price I am paying for these additional units is not in its historical high range, which it is not. ------------ I guess it is a matter of whether you want to look at looking shorter term to the unit price and current payouts. Or looking longer term to the future and the accumulating future increased payouts. Once the commodity prices move in that other (higher) direction.