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

To: David Culver who wrote (6237)	8/29/2003 8:24:38 PM
From: a.handbag.	Read Replies (1) \| Respond to of 11633

Agree, no obvious buys in sight. After the great rally in NCF I am under water only 4 of 23 trusts. My rule is to average down, so I need new ideas or more of my dogs. There is another possibility, and that is to accumulate cash and hope for a downturn, or rather be prepared for a downturn.

To: David Culver who wrote (6237)	8/29/2003 10:44:24 PM
From: Peter W. Panchyshyn	Respond to of 11633

Any suggestions what to buy most of my trusts have gone up and I see no bargains these days. ----- There are obvious bargains. As in when the trusts and the commodities affecting them are at cyclical lows. Then there are the not so obvious bargains. Which all have to relate to a variety of factors. Ones own time frame he is looking at. The more longer term (10 years 20 years 30 years) then things like ROC which over time itself naturally will lower ones own cost base. Another factor would be the long term outlook for the continued need for gas and oil and its naturally diminishing supply and thus necesarily higher price. Yet another would be the longer view for things like can distributions far outpace other interest bearing instruments or can interest rates remain low enough. The cycling of these unit prices of trusts from lows to highs and back again over and over again make one thing very clear. The more units you have the more income you get. The more income you get the more units you can then buy which then means even more income, etc etc etc. The actual price at any one moment in time then. Even ones own purchase price or average price becomes of only secondary concern. The longer ones outlook. The "IDEAL" is to buy to lower ones cost base (taking full advantage of the lows when they present themselves) but in the whole scheme of things and in the broader sense it is not the "ONLY" thing one should be looking at. ------------