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

To: a.handbag. who wrote (6249)	8/31/2003 1:48:14 AM
From: bill	Read Replies (1) \| Respond to of 11633

Hmmm, I hadn't counted. I've got 17. Heavily weighted to NG and oil. Nervous about business trusts. SPF.UN has been stellar. Wish I had more but...The only dog I own is INZ.UN and that was a broker's recommendation. I'll stick to the board and my own DD from now on. Some of the trusts I bought have been down OYR.UN was down for quite awhile. I should have followed Peter's strategy and bought more when it was down. It just about back to what I paid for it. If I'd averaged down, I'd be in the money. Some of my trusts that have moved up substantially (and the return has moved down) I've sold and replaced them with other trusts. My blue chips have also been paying decently (for common stock). NF has been ten cents a quarter and patience has paid off. It has moved up from 7 to 9.90 and looks like it could go up another couple of bucks. RUS is good. Pays 7 cents a quarter and has at least another dollar upside. TRP has been incredible if anyone bought after they cut their dividend. EMA has been a solid performer for years, paying 86 cents a year. Only dog here is Abitibi because it cut its dividend. However, the price is moving back up. I like the potential capital gains on the common. Never expected to make the kind of capital gains I've made on the trusts. That's been a big surprise.

To: a.handbag. who wrote (6249)	8/31/2003 1:54:16 AM
From: Peter W. Panchyshyn	Read Replies (1) \| Respond to of 11633

I have 23 trusts. I don't manage them. In fact I do exactly what you advocate. I buy them as cheap as possible, and invest my distributions by averaging down, or by finding a new trust at a good price. Speaking of which, does anyone have any suggestions? I can't see why there should be any limit to the number of trusts one holds, as long as one isn't constantly going in and out, which is your position. ------ Glad to see that you realize that constantly going in and out of a trust can and usually is a big no-no. Its also good to see that you invest your distributions by averaging down which is a proven good strategy especially when it comes to trusts. Now as to the notion of limiting ones number of trusts to a manageable level. Each investor will have a set finite (X) dollar amount he can invest at any one time. Part of that will include distributions part of that will include new money part of that may include borrowed money. That pie (all the money one has to invest) then has to get sliced into more and more smaller peices the greater the number of trusts one has. Is that a good thing or not? Is there a possible event that could come about that could make a larger peice of one or a few trusts ,more of a benefit, than much smaller peices of many more trusts? Then there is the issue of a persons time spent on his investments. Can a person do a better job following a few or can he do a better job following lots more? Like all investments these still have to be watched ,one still need be aware of all that is going on. Thats just proper and continued due diligence that needs to be done. -------