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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 (1420)9/11/2001 9:59:24 AM
From: Goldberry  Read Replies (3) | Respond to of 11633
 
You are one incredible guy. I take the best OGT of your 3 choices and compare it against Canada's largest REIT for the past 5 years and show that it is clearly performed better with less volatility and you start to want to play games such as well I would have bought more and averaged down yada yada yada. OGT's and REITs are income producing investments and most of the individuals holding them are looking for stable income and don't have funds available or the temperment to be buying more when they see their investment worth 50% less.

By even suggesting that individuals buy these now as they decline from a high point in the resource cycle borders on criminal. People following your advice have a strong liklihood of seeing the value of these being 25% lower than present in 3 months with much reduced monthly returns they then will likely panic and sell at a substantial loss.

You need to keep in mind many readers are unsophisticated investors who are reading and possibly believing you are gods gift to investors. Many of us here have been around the block a few times and are aware that buying anything at the top or downward side of an investment cycle whether it be tulips, tech stocks, oil and gas trusts, REITS etc. are committing financial suicide.