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

To: Goldberry who wrote (1423)	9/11/2001 10:04:49 AM
From: trustmanic	Respond to of 11633

@ this hour,one NT = one VKR or PWI now

To: Goldberry who wrote (1423)	9/11/2001 4:00:58 PM
From: Peter W. Panchyshyn	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. ----------------- From day one on this forum I have described my methodology and my strategy. Check the past posts. I have used that strategy myself. When the first recent pull back in the energy trusts occurred some 4 months back I said the same thing. What happened from those lower levels the trusts rebounded back to within a hairs breadth of their previous values. Plus with the added dividends the extra purchases brought I was back up and past my previous worth. It worked in that point in time. And in works when and much better in the longer term. Hey you don't have to check the numbers you don't have to do anything. You are talking of 5 years I am talking of decades. Which provides the most data to back up what is being said? 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. -------------- And what the past has shown when oil was down to $10 was that if you hung in and accumulated you would be rewarded. Those are facts. I said these were long term investments from the very beginning you wish to hang on what happens in a few months. The value of the investment is secondary to the payouts which are still far better than anything around. If you give people the information to check on to see what has happened and what will happen they make an informed decision. (I have done that) They do not panic about what happens in a day, a week, a month even a few months. They do not sell. You are adding your own words to what I have said. ------------ You need to keep in mind many readers are unsophisticated investors who are reading and possibly believing you are gods gift to investors. --------------- I give the new investor the unsophisticated investor the information they need to make an informed decision to check all the information that is out there. Where to get that information. I do not say that "hey you have to believe everything I say then do it" I say "here is the information. Here is where the information can be found to verify everything I have said now go check it out" In my last response to you I told you the same thing I said " I encourage you to check it out for yourself" Now what do you come back saying the complete opposite of what I have said. If you want to twist words that is your buisness. What I have said I have said clearly and it is documented in black and white. Anyone can check and see that. Instead you come out and say I said the complete opposite. I trust that others can see this. ---------------------------------------------------------- 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. ------------- You are aware of nothing because you haven't even checked the information. At the top of a cycle to be sure. But at the down, its not suicide and the data clearly shows that. Happened when oil prices collapsed down to $10 years ago and recovered nicely from that. You just ignore it because your beliefs get in way of the documented facts. I trust that people looking at the facts and comparing them to beliefs, fears and nonsense will make the right decision -------------------------------------- ------------ It is interesting to note that if one looks over and through all the past postings one thing shows up quite clearly. After the trusts recover from a downturn and recover nicely. The doomsayers are no where to be seen. Until the next downtime then their screaming the sky is falling. Only to disappear again when the next upturn comes around. Screaming again. All the while myself and others are laughing all the way to the bank---------------

To: Goldberry who wrote (1423)	11/9/2001 1:05:25 PM
From: Cogito Ergo Sum	Respond to of 11633

Hi Graham, You need to keep in mind many readers are unsophisticated investors who are reading and possibly believing you are gods gift to investors. I've made my share of mistakes. This is not a defense of Peter (with whom I've had my disagreements, on this very board, and no he doesn't always have the most congenial manner :o), but rather you can't save the world. Without that 'Greater Fool' none of us who do trade these or any other security for that matter could profit. That's just the way it is. A dividend and interest only environment would be the only way I see to mitigate that. When the big bubble was expanding no one wanted to lend credence to that but we all know what has happened there. While I would agree that pump and dump pros are to be scorned I don't see any of that here. I've seen good value in many posts here including but certainly not exclusive to Peter's. Just the usual caution of 'Caveat Emptor' should, as always apply. I used to be disgusted, Now I try to be amused ---- Elvis... Costello that is regards Kastel a cute and cuddly thick skinned Canadian