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

To: Scott Mc who wrote (4388)	9/27/2002 7:28:00 PM
From: bill	Read Replies (2) \| Respond to of 11633

They've got to do better than what they are offering. Too many trusts of trusts out there offering a better deal even with the broker's fee. The IPO price needs to drop back so the trust offers around ten percent, I would think. I, too, have some of these trusts of trusts, but, now, as I've learned more, I wonder why one bothers. It is just as easy to look at a number of them, pick their top holdings in each category and buy those trusts, preferreds, etc. That way one isn't paying two management fees. I haven't had time but when I do, I'm going to take a look at the return some of the trusts of trusts are getting compared to what they are paying out. I realize that trusts of trusts are an easy way to diversify but I'm wondering about the cost. The managers take big fees and I wonder what for. How much expertise does it take to set up a company, buy a bunch of other trusts and sit back and collect the income.