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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 (4331)	9/22/2002 10:50:14 PM
From: Lorne Larson	Read Replies (2) \| Respond to of 11633

How can you be up 13.5% on PWI. You started with 1000 units of PWI at $7.00. Assuming that you did not switch, but continued to hold PWI (which is what you have stated is the proper strategy in numerous posts over the last 8 months) you would now hold 1000 PWI at $6.24. How does that become a 13.5% gain? "it is down unrealized and that will just disappear and turn into a gain the next time around". I tell you what, genius. Take your statement to a bank and tell them that you want to use your PWI as collateral, but they should just ignore the loss and treat PWI as still being at $7.00. When they get quit laughing, tell them it's the right thing to do because Rev Canada doesn't recognize unrealized losses. Please let us know their response. You are confusing tax treatment of profits or losses with the actual fact of profits or losses.