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

To: energyplay who wrote (7714)	9/30/2004 4:25:48 PM
From: Tommaso	Read Replies (1) \| Respond to of 11633

>>>It will be a year or two before we get wild enthusiams for energy<< Could be longer than that. A lot of people were badly burned on energy in the 1980s, and some investors (including me) had to put up with serious portfolio damage a few years ago when OPEC foolishly increases production well beyond current deman. It may take several more years to reach a state of euphoria. I also worry about the stocks of good energy companies being dragged down, or at least held back, by a general market decline. I have perhaps posted too often my memory of buying Royal Dutch at a P/E of less than 4 and a yield of about 8% back in 1974.

To: energyplay who wrote (7714)	9/30/2004 5:13:33 PM
From: Taikun	Read Replies (2) \| Respond to of 11633

<Some people want to 'belong' much more than they want to make money.> Excellent point EP! This goes back to Jay's lonely way. When it is time for me to sell my CRTs I wonder how palatable that might be on this or the BBR or the BDBBR thread. Stockhouse-if I were a member-would be impossible. Then that decision becomes an emotional one both at the stock level, which is bad enough (I love that CRT, for example) and the personal or group level, possibly generating a response like 'Why are you selling now?'. There are other factors at play as well, such as if CRTs ever become like current real estate mania. Recall the current mantras with real estate that I have a big problem with: 'You can't go wrong with real estate' and 'You have to live somewhere' and 'So many millionaires and billionaries made their money in real estate-look at Trump.' Except for the simple fact that if you can't afford medical, energy bills and food, there are better places to put that downpayment than into a house, and if house price appreciation can't keep up with energy, healthcare and food it will be a bad investment. Moreover, investing in ones home is quite an undiversified investment in terms of a single currency, single location. When you get together in a room of family and friends over Thanksgiving try running that past everyone. I did (this summer)-and the response was anything but positive. How many of us will watch our CRTs go well beyond our initial price targets (reality check-do we all have targets?-no lying!!), only to have us adjust those price targets up ('just a little more' we'll tell ourselves), when what we should be doing is rotating into Malcolm's GICs and quality corporate bonds and gov't bonds from oil exporting nations? I might not be able to mention it. It will have to be the lonely way.