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

To: Lorne Larson who wrote (4363)	9/24/2002 9:58:30 PM
From: Peter W. Panchyshyn	Respond to of 11633

Come on, pay attention. You have insisted in your usual pompous way in numerous posts that an investor must treat a realized gain different than an unrealized gain "because Rev Canada does it that way". Sentry is reporting both their realized AND UNREALIZED gains in their interim financial statements, which is not a tax return. This has NOTHING to do with Rev Canada. ------- They Sentry are required to do it because they are a corporation as I stated. I as an individual am not required to do that I am not a corporation. Your treating the individual and the corporation as one in the same they are not. PAY ATTENTION TO THAT SIMPLE FACT ------------- They are doing it because to do otherwise would give their unitholders a completely distorted view of the performance of the trust. If they hold an income trust which has lost 60% from its acquisition cost and do not show it as an unrealized loss, they would be in big trouble with the security commission. There is no rational reason why personal balance sheets should be regarded any differently. ------ Because in that regards. That the corporation has to answer to someone else I as an individual have no one to answer to but myself. BIG DIFFERENCE. ----------- As I said before many mutual funds mark to market on a DAILY basis, so as not to mislead anyone. You may be the only person on earth that cannot understand this concept. ------ And you are the only person who cant seem to understand that corporations are different from individuals. THEY ARE NOT ONE AND THE SAME. PERIOD. -------