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

To: a.handbag. who wrote (2545)	1/26/2002 1:24:39 PM
From: Peter W. Panchyshyn	Read Replies (1) \| Respond to of 11633

This thread is obsessed with the age old argument over investment style. We have a spectrum, with buy and hold for ever at one end, and day trading at the other. It would be nice to know where the sweet spot on this spectrum lies, but there are other variables, such as who is doing the trading and over what time period, one year, 10 years, or 100 years. -------------------- Most certainly that is true about the other variables.------------------------------------------ One thing is absolutely certain, and that is that we will not prove anything with anecdotal evidence, -------------------- I respectfully disagree with your assertion that the evidence is only anecdotal. It is FACT. It is DOCUMENTED. And it is SUPPORTED by the more real FACT and DATA. I present. Which for the most part has not be disputed by anything similar from the other side. The other side just ignores it when it is presented. Instead of trying to bring forward evidence to counter it. What little they do present if anything at all I subsequently easily refute. ------------------------------------- still less by shouting. ---------------- My capitalizing certain words or phrases in my responses is not shouting. It is highlighting certain key points or key phrases. Do not read too much into it. ------------------------------- For what it's worth, and that's very little, I will reveal my solution. ----------------- I take what the majority of members here say for a great deal of worth ( at the very least it adds to the discussion and the level of participation) when it has to do with the trusts. Presenting ideas, related news and info. Even what it is they are holding and doing. Where I draw the line so to speak is at the making of outrageous claims. And if in doing such claiming refuse to back up what is said. Especially if that claiming is being done to coherse joe average unitholder to do the wrong thing at the wrong time for the wrong reasons --------- I hold about 25 income trusts, the majority O and G royalty trusts. ------------------- If I may ask which ones and why you feel the need to have so many different ones. I myself have only 12. Which I have listed in my response to David. ------------------------------- I have a self imposed limit on how much I will venture on any one. ----------------- As I said to David what one does ultimately will be directed by his circumstances and his preferences. I just wish to ensure that joe average here is doing what he is doing because he has looked at all the relevant facts and data as well as his own circumstances and preferences to make that decision a proper and correct one. That other side seems not to want that to be happening for whatever reason that may be. --------------------- I re-invest all the distributions using the following crude criteria. ------------- And for you that may be a good strategy. In regards to the distributions. I use a portion of those to live on. Another portion I use to fulfill my tastes and purchases those things from time to time that I just must have for whatever reason that may be. The remainder gets reinvested as you say--------------- I only buy if I'm lowering my average cost, and I favor the purchase that does the most lowering. Laugh if you will, but it keeps me from chasing up. ------------ There is no need for me to be laughing at what you have said. It is a sound strategy. Somewhat similar to my own as I illustrated it in post # 1998 and earlier. Where I state I set up high unit price ranges and low unit price ranges for where a trust has been historical trading using the past trading data. I guide my purchases by not buying in the high ranges. But concentrating my purchases in the low ranges. Though sometimes in the average ranges inbetween the low and high ranges. When prices rise to the high ranges as they do from time to time. I just sit back and enjoy the high income. Then wait for unit prices to fall again so that I may resume my accumulating. I however do not favor out any one trust over another. Just look to if they drop significantly from my last purchase price. If they do I buy more. And I too do not chase any of these up. --------------- For instance I like COS.UN, ------------------- I do not like or dislike this one you speak of . I don't have it. In my past post concerning this one. # 2480 concerning an article posted about COS. I only provided some thoughts about what the article did not say or was not saying ------------------------ but I've held it a long time, with an average cost of 17, and I can't bring myself to fork out 38 for it. I am following this thread to get ideas in the kick-ass asset class (make that kick-asset class) of the present era. Keep the ideas coming but hold the rancor. ----------------- The rancor is not of my own doing. It is in response to Lornes insults and attacks and his insistence on making wild and outrageous claims without wanting to back those up. As I said many times once he stops with them. There will be no need for me to continue. As for others thoughts on my attitude or demeanour in these postings I suggest as I said before. It is more people reading things into what I am saying and not concentrating on what is being said. Some here wish to judge what I say by how they themselves perceive me to be by what they see as attitude in my words. That attitude is not there they just think it is for their own reasons. And if they wish to ignore my facts or data then so be it. I am not here to make friends or a new best friend. I am here to deliver the facts and data. Those who choose to concentrate on that fact will and have already benefitted from what I presented. Because they have verified it for themselves. As both the public and private endorsements I have received attest to. As long as I continue getting the positive feedback. It will continue. And in the very least I am promoting discussion which is far more than many others who choose just to lurk and listen. Not that there is anything wrong with lurking and listening. It just doesn't add much. ------------------------------------