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

To: a.handbag. who wrote (2460)	1/21/2002 8:30:11 AM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

If you were preparing a personal net worth statement, you would have to value your house at its market value at that time. You could not argue that the value of your house was not related to the market because you didn't intend to sell it. You, and Peter, are confusing investment strategy with the concept of realization/non-realization. Also, there is absolutely no guarantee that the value of your house will ever increase to its previous value. Oil companies (and for that matter oil and gas trusts) can go bust like any other company. The concept that these things are foolproof and that you "can't lose" is simplistic nonsense. MXT (now UET) came very close to going bankrupt in 1998-1999. As a last point, I am not a "trader". Oil and gas is a cyclical industry. I left these trusts in June when it became obvious that oil and NG prices were headed downward. I also have no qualms about going short if I think I can make money at it on the down cycle. I am slowly starting to buy-back some trusts at much lower prices than I sold (PVE is at $8.60 now as opposed to $12.60 in May/June). If some people think that is "trading", so be it.

To: a.handbag. who wrote (2460)	1/21/2002 10:36:36 AM
From: Goldberry	Read Replies (2) \| Respond to of 11633

I would suggest it is time to just ignore him, a.handbag who just registered on Sunday in order to make a defensive reply for Peter is extremely suspect and points out the measures this individual goes to in order to try to tell the world his buy and hold strategy is the only way. You know and I know that investing is more than just buying and holding and that it is not possible unless one is already extremely wealthy to average down in any substantial way when prices drop in the range of 30 - 50%. You and I and there are others on this forum that pay some attention to economic events and buy and sell stocks accordingly. For the past year my system has worked quite well as I sold trusts and stocks I held earlier last year to concentrate on trusts, stocks and convertible debentures which I was confident would continue to throw off good income without concern for dividend cuts and would appreciate in value due to the drop in interest rates. Looking forward I am now selling some of these purchases at healthy gains (REALIZED PROFITS) as sometime down the road interest rates will start to go back up. Anyone who waits for the first increase in prime will find that interest sensitive stocks will have already turned lower say 6 months in advance as the market predicts well ahead. Personally I think I made a mistake in reading Peters reply to you after having him on ignore for so long. I couldn't resist wondering what had brought him out of hibernation. For the sanity and more important the brevity of this thread lets ignore him.