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

To: Peter W. Panchyshyn who wrote (1407)	9/11/2001 12:00:06 AM
From: mark calgary	Read Replies (1) \| Respond to of 11633

Peter - 3 quick points and then I'm done. 1. If the price of the underlying commodity has dropped 20 percent in a quarter and distributions are dropping at the same rate but with a one quarter lag, what do you think the price of the unit is going to do?? - If you are earning 1% return per month to sit and hold a bag that is deflating at 20% wouldn't you think that closing the bag for a while would be a good idea. 2. From a tax perspective you certainly don't want to generate any more liabilities than you have to. If you have been a long term holder of income trusts I don't recommend trading them as it just attracts tax to your gains. The situation that I commented on however was a newbie thinking about laying down some money to buy now. I don't claim to know how to time the market, but I can figure out that the trusts are going to cut back on distributions in the short term. This means that the prices that people are willing to pay for the shares will decrease as the return decreases. To advise someone to jump in when even you think that the price is going to drop is not good advice. 3. To spend time telling people how much profits you have made is really crass and very childish. There are some here at SI that have been very lucky with certain investments, and others that have lost their shirts ( and maybe even more). It is repulsive to hear someone trying to use their success to belittle others or to make themselves appear smarter than others. Drop the money bit - from what you write, and I don't doubt you, you are a little too far up the food chain success wise to stoop to such devices. Do me a favor and do as I am about to do to you. Ignore Mark