Post by
deisman03 on Apr 24, 2024 5:27pm
Positive Posts
Some folks here think this investment vehicle can't fail.
It can.
No, I'm not saying it is about to do so now or even in the near future.
However, there is the overhanging shadow of "unrealized competition" lurking over the heads of the banks and other financial institutions in Canada.
That may or may not be an issue in the future, but some very astute investors see it as a problem, should the government decide to enable legislation, which forces the Canada Pension Plan or other private pension plans in Canada to invest a specified portion of their investment capital in Canada, they will be in direct competition with Canadian financial institutions.
If this happens, I would expect to see a distribution cut or a severe decline in unit price.
IMHO, this vehicle will be stable where it is now, until prime interest rates are even slightly reduced, and when it's established where and how the CPP can invest in Canada.
They are Gorrilas in the room of investors and can cause some severe swings by virtue signalling, changing a lot of investment methodology and activity.
This isn't a warning, just something to keep an eye on, so you can be nimble and jump out if needed, without losing base capital.
Right now, IMHO, the price of this unit can easily slip back to the nines without a lot of warning.
Counting profit before you actually have secured that profit????????????
That's why I'm never long in this or any other investment vehicle.
When the swings are happening is the best time to make substantial profits, by selling high and buying low. Again, just IMHO.
If this trust is going to swing 30-45 or more cents every month, just before and sometime after the registered date, I'm going to sell high and buy low every time it looks best.
Sometimes it's flat, mostly it isn't. That's why some folks who bought in at $15 a few years ago are still hanging on, hoping to recoup their base capital, let alone make a profit.
It can happen to any of us, no matter how astute.
Don't fall in love with any investment vehicle.
GLTA the good folks here.
Comment by
flamingogold on Apr 24, 2024 10:35pm
It's that time of the month is it? Sell just before ex-div near the top, then buy a few days later after the drop for a gain that exceeds the distribution. It's ok, you revealed your strategy already.
Comment by
Toppicks1 on Apr 25, 2024 10:44am
Chicken little investing is not for me. Any investment can fail everyone knows that. My thesis going forward is intrest rates are going to be reduced. How much and when anyone can debate that. If I am right BK is a great vehicle going forward. I think my investment could do 50% this year. Good luck with your swing trading. Hope you make 300%.
Comment by
deisman03 on Apr 25, 2024 4:32pm
Good luck to you as well. Chicken Little has nothing to do with with my investing strategy. More like a bird in hand is worth two in the bush. It's helped me to average 35%+/annum on this vehicle over the past ten years. I'm comfortable with my method as you are with your method. GLTA the good folks here.
Comment by
Toppicks1 on Apr 25, 2024 6:15pm
So your thoughts are this will slip back into the 9s without much warning. Hmmmm. So you won't be buying any going forward until it does. ????
Comment by
Toppicks1 on Apr 26, 2024 8:57am
You keep taking about real profit as if you do not sell it isn't real. Here's a nice example for you I bought AMZN around Febuary 1st at 124.75 now trades at 173. Haven't sold but it still shows in my account and seems real. And will be holding as I see it going to 200 by Christmas. By the way go check it out it is all posted on the AMZN aboard. Including the buy. I think you are fake.
Comment by
Toppicks1 on Apr 26, 2024 9:09am
Sorry posted wrong date October buy. Again it's all posted.
Comment by
NoShoesNoShirt on Apr 26, 2024 9:49am
Girls, girls, you're both pretty. This board is about banks.
Comment by
deisman03 on Apr 26, 2024 3:41pm
Nope, not fake. It's just my investment strategy that I feel safe with, in such tumultuous times. I'm happy you've done well with Amazon, but in reality, you haven't made a dime until that profit turns into cash in hand. Paper profits go "POOF" in a heartbeat. I hope your trade works as well as you hope it will. GLTA the good folks here.