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

To: Cogito Ergo Sum who wrote (7742)	10/1/2004 1:42:53 PM
From: Tommaso	Read Replies (1) \| Respond to of 11633

I just deposited a stock certificate for PTF shares with the manager of our local T. D. Waterhouse office. He studied it with something approaching suspicion, and then looked it up on his computer saying, "We have to be careful; people bring in all sorts of odd things, like expired warrants." He was totally unfamiliar with Canadian royalty trusts, and barely aware of U. S. energy trusts. Now I know a lot of people are not much impressed with Waterhouse, but here I was dealing with someone who is making his life's work and livelihood out of the securities markets, and he hasn't even heard of the existence of these things. Just anecdotal evidence that we are a long way from euphoria and mania when it comes to energy trusts. But more people are noticing, as in the links I provided in my previous post.

To: Cogito Ergo Sum who wrote (7742)	10/1/2004 2:40:08 PM
From: LTBH	Read Replies (1) \| Respond to of 11633

Kastel, Completely agree on slow appreciation. It is nice to the see the gains but it is also counterproductive for an income investor. IMHO, the worst thing an income investor can do is pump a stock as some are wont to do. Higher price means lower distributions, higher new purchase costs and increased risk due to the higher pps. I love it when a trust pays 22, 24, 26% and plods along at the same price. Seems to me that many that currently call themselves "income" investors are really just traders. My philosopy is buy, hold, collect distributions and buy some more. I finally sold 25% of my ERF purchased at 16.50 to swap into something with a bit higher net than the ~7% am receiving on it (think was getting bout 22% when purchased). Luck Networm