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

To: Peter W. Panchyshyn who wrote (3598)	6/28/2002 7:42:15 AM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

You had better divest yourself immediately of your beloved "trusts of trusts". You see they do two things that you apparently regard as critical mistakes. First of all they switch their holdings on a regular basis. Secondly they report unrealized losses on their financial statements as losses. (the same as every pension fund and mutual fund, and as required by GAAP). Yet you apparently think these are wonderful investments. At the very least you should immediately contact the fund managers and explain to them how ignorant they are on these matters. You should also contact the professional accounting body and advise them that unrealized losses are not really losses, and that GAAP is wrong.