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

To: Lorne Larson who wrote (3602)	6/28/2002 9:56:06 AM
From: Peter W. Panchyshyn	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. Message 17647395 ------From the above link some key points """"My method details that one should look at the ones that have the longest history. The longest trading record. Why? Because of the simplest fact that those around for the longest (1) are there to stay and (2) they have been through not 1 or 2 downturns in commodity prices but many and have survived and grown throughout all (3) they have with that established past trading history a builtin guide for the investor which shows how their unit prices have done and an established pattern which one can use to guide his purchases over the longer term.""""" """"To allow them to know before where the low trading ranges are so they can buy and where the high trading ranges are so they can wait (and just collect high income) or sell (if that is what they truly wish to do, understanding the work they must do to do that properly and the time they need to spend at it to make it work, the truth of the matter is that many will not choose this route because they know beforehand they just don't have the time, ability, or can't expend the effort).""""" """"""Now I am not against trading or even switching for the right reasons. But all too often it is done for the wrong reasons. As we have seen in just the past year or so. """""" """""""""" 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. ------- Here you go again doing your apples to oranges comparison. PERSONAL AS OPPOSED TO CORPORATE. As per our discussion of when a person takes a realized or unrealized loss or gain. According to Revenue Canada. If I have a real capital gain it is real and they (RC) tax me on it. If I have an unrealized capital gain they do not tax me. If I have an unrealized capital loss they do not allow me to deduct that from a real capital gain. If I have a real capital loss they do allow me to deduct it from a real capital gain. These corporations pay no income tax. That is passed to the unitholder. So you see Revenue Canada's take on the matter is what counts. Not GAAP. Generally accepted accounting practises. You fly between your apples and oranges, can't stick to one issue you have to bring in a different one then say your different one explains the other one. YOU MAKE THIS ALL TOO EASY . --------------- 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. ------- Their wrong in this instance because we have been talking in our discussion of your real personal losses and my unrealized personal losses and we have not been talking about what CORPORATIONS HAVE TO DO. We are talking of what people (you and I ) have to do. And Revenue Canada is very clear on that matter. -----------------