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

To: Cogito Ergo Sum who wrote (2086)	11/27/2001 2:08:39 AM
From: bill	Read Replies (1) \| Respond to of 11633

KastelCo, My broker called today (I run a discount account and a full service account)and recommended an IPO that is coming. He doesn't know a lot of the details yet but it is going to be Canadian trust for tax purposes but it will be american real estate. Apparently the FP had an article about it a couple of weeks ago. I vaguely remember reading something about it. I asked about the conversion of Canadian dollars to American because I've read some outraged comments over brokers charging an outrageous amount to convert (4-5%). He said nope, it would be a penny on each 1.60. I'm not sure if that is good or bad. I don't know yet if it would pay to convert the money at my friendly credit union and deposit the american money to the brokerage account. The distribution would be paid in american dollars. I'm leery of currency plays because I bought Ontario bonds paid in Australian dollars. The idea had great support from an analyst writing in the G&M. Australian dollar tanked even against the Canadian dollar. Bonds came due. I lost everything that I'd made in interest. A friend of mine says she has a hard enough time figuring out if a stock might go up or down, never mind what the currency is likely to do. However, I agree with the need for some diversity. What you should do is wait and see if I buy this IPO. The American dollar will immediately tank, the Canadian dollar will go to 1.10 US. You'll have shorted the stock and make all the money I lose. When I saw a head line about contrarian investing, I thought they meant me. I buy and then all the wise money buys the contrary.

To: Cogito Ergo Sum who wrote (2086)	11/27/2001 10:17:43 AM
From: Goldberry	Read Replies (1) \| Respond to of 11633

Have you looked at usa.un and some of the other issues from Quadravest ( quadravest.com ). The difference would be that they are invested in US equities and any appreciation would have to be against the Canadian dollar. Some of there latest issues ie: cgq and stq (TSE) have a 10 year life with the principal repayment bank guaranteed. Their history of paying return has been quite good even in a down market. USA.un fluctuates more than the others because it is totally invested in equities and hasn't laid out 50% of its assets into a guarantee like the others. The upside to this is that when the markets do move back up this one will appreciate much better than the others.