Sentry Select Primary Metals Corp SPMLF

Even though mouserman considers these funds to be junk...

[coolslug1]

Mouserman, I thought it would make more sense to continue our discussion here rather than at the MMP.UN thread  as you and I both own PME shares.

 

MMP.UN and PME has had to pay out high distributions, Commissions, trailing commissions, management fees and expenses for the past ten years all the while precious metals stocks have been languishing much of that time.   As the Fund pays out 5 - 10% of it’s assets back to the share holders every year it is impossible for the share price to increase while giving back that amount of cash annually unless precious metals are in a soaring bull market.  I believe we have entered that long awaited bull and that’s why I’m happy to be an investor in this type of fund now.  Comparing a PM Trust Fund to a stock such as WPM or KL is like comparing apples to oranges and I’m surprised that you didn’t know that.  If you really believed what you write here you would have never invested in a precious metals income fund.  You liken these funds to “junk” yet you have owned MMP.UN in the recent past and you claim to presently own PME.   My argument with you is not really about whether a distribution paying fund is a better or worse investment than individual PM stocks.  My beef with you is your constant negativity at the MMP.UN site of which you have no shares of.  You are like a Chevy owner who enters a Ford dealership to complain about their service.  ;-)