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

To: mark calgary who wrote (1405)	9/10/2001 5:41:39 PM
From: Peter W. Panchyshyn	Read Replies (1) \| Respond to of 11633

NCF IS NOW DOWN 1.40 a share or 9.4% - the rest will follow suit - these disclaimers will become standard for trusts over the next month - the trend will be down. -------------- Well lets see I first bought NCF.UN at around $18.00 a unit (split adjusted). Its most recent monthly payout was $0.32 a unit now say the payouts fall to $0.20 a unit. What is my percent return on the income from that $18.00 unit ? Its just over 1% per month. You can't even compare that to money sitting in a savings account. I also bought at $16.00 and at $14.00. Check my previous posts. ------------------------------- ------------- The short term trend will be down. The longer term. Well I am currently enjoying the benefits of a longer term approach. I am getting several thousands of $'s a month in income, and I will still get several thousands of $'s a month in income. Boy am I sufferring!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Just like all the disclaimers with mutual funds - past performance is no guarantee of future profits. If you take your profits off the counter today you can buy back in with them in a couple of months and at worst break even, ---------------- the worst case scenario is not that you will break even. The worst case scenario is that you will miss any rebound from much lower levels, You will not have bought at a "guaranteed lower price" . You were waiting for something to happen . And guess what something did but by the time you got around to doing anything the opportunity was gone. Now care to tell us how you would be able to spot the bottom when it arrives to get that extra return you speak of below. What mathematical model are you following.? What methodology? In my scenario 100% of your money is in the trusts buying at lower and lower prices. Which scenario yours or mine will be able to hit closer to the bottom and enjoy all the benefits that result from an increase in prices from that level? Especially given the past experience when oil bottomed at $10 a barrell years ago. It wasn't until prices rose to the $20 area that "the experts" were calling for investors to jump in. During that time I was actively buying the trusts reaping all the benefits, the high income and the increase in prices from that $10 level. and perhaps add another 10-15% to your return. Keep what you have bought, but PROTECT your Profits. That's not speculation or day trading, that is prudent investing. -------------- Thats hardly prudent investing. Prudent investing is knowing how the trusts perform, how they have been and will be trading by following their trading patterns. Collecting the high income being generated, buying the units at or within historical low values. And when the prices turn upwards again reaping the benefits of the higher income and the gain in value because you GOT the units near the lows. Not buying in again until the next time prices make the move southward. What you are trying to tell everyone is that you will be able to "magically" hit the exact bottom, and you will do this without any sort of methodology, plan or model, that has been proved to have accomplished that exact outcome. Thats a neat trick. Too bad its just that a trick. Its not reality.