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

To: a.handbag. who wrote (6252)	8/31/2003 11:41:23 AM
From: Peter W. Panchyshyn	Read Replies (1) \| Respond to of 11633

I believe I reduce that risk by arranging for HAL to be one 23rd of my holdings rather than one 7th. ------ Lets us just think about it for a moment in context with my strat or method which I have outlined previously many times before. Remember its using the trusts own long term trading data to set up unit price trading ranges to guide ones purchases. When the price of the trusts units is at or near the low range or lower one buys ,accumulates. At the other end at or near the high range one just enjoys the ride and collects the income waiting for the cycle to once again repeat itself. So he can once again accumulate at lows. All that entails is following a real math method and that all takes time and effort. The alternative to having a testable and verifiable method is you do your buying and accumulating when you feel like it. Feelings just are not much of a reliable or testable or verifiable method one can follow. Using feelings alone one can get overconfident , scared ,worried and all these can and do make people do the wrong things at the wrong time. And that can have dire consequences for an investor. --------- I don't see why more trusts entails more work. Sure I watch them, if you count clicking on "portfolio values" as watching. ----- DD and continued DD is so much more than just clicking on values. Its developing a strat that takes the emotion out of investing. As I describe above. Multiply that by 6 by 12 by 23 and that is a lot of work. And in addition to the strat part of it is keeping up with the news releases and the reports each of these trusts put out to make one sure the trust stays on course -------------- My advice is accumulate as many trusts as possible, as long as you keep your trading costs down by buying near the sweet spot in your commission schedule. ------ No guides to follow. No plan to follow. No strat. No method. Nothing that in any way can be quantified or be of much help. Just hope that ones feelings hold and so too his luck. Really not much to go on is it. But to each his own --------