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

To: Scott Mc who wrote (3563)	6/26/2002 3:40:51 AM
From: Peter W. Panchyshyn	Read Replies (1) \| Respond to of 11633

Re Enervest I have concerns about this fund... 1. High cash position, especially for a CEF. --------- You made an error its total cash equivalents position is minus 15% ----------- 2. Hard to determine NAV(is it published weekly) --------- I find that weekly in GLOBE & MAIL ------------- 3. I can't see how they can continue paying at the same rate they are. --------- This one is much more active in trading the trusts it holds than any other trust of trusts. Thus far it has been a success for them. And that is why its payouts have remained the same. Recall I said that total assets for these include not only income from the trusts themselves but gains from trading the trusts. This one has shown it can do that well enough -------------- 4. Way they describe rights offerings, sort of like you "how its creating something from nothing".. --------- Not something from nothing at all. Just like it does by trading the trusts it has, more than others of its kind, kept distributions constant. The rights as I have described provide those that utilize them to the best advantage (buy more when weak sell when strong) puts real money into the investors pocket. This kind of reminds me of a story. Grandfather comes to stay with his sons family. His sons' son one day tells his grandfather how he just made $500. Grandfather says "I don't believe it you did nothing all day but play on your computer. To make money you have to earn money you have to work for it not laze around all day" Now according to the grandfather you don't make "something from nothing" But that playing on the computer as the grandfather saw it included some selling of a stock. Now as far are our rights go, rights trade for a time like a stock on the open market. Watching this carefully one can make some real money. As past posted evidence and my example showed when I presented it to you. So hardly something from nothing. --------------- Otherwise, if you want to hold a large basket of funds you could do worst. ------ And that "could do worse" would include anyone trying to hold a dozen or more trusts themselves and not being able to take advantage of weakness or opportunities because of "economies of scale" which I gave by way of example previous. The individual cannot even hope to compete with a trust of trusts huge DRIP base and borrowings base. In addition the individual would not be able to come close to spending the time, the resources or even the ability to do a proper job compared to a manager of that trust of trusts whos sole purpose is to do so at least 8 hours every buisness day ----