Baytex Energy Corp T.BTE

RE:RE:RE:RE:RE:RE:These guys...

[Ocalaman]

Gashole1 wrote:

bago wrote: I'm not worrying and have been able to be successful by adapting to the trends and changes in different sectors. You can't ignore the metrics that change fundamentally and technically and if you manage your own money you have to be an active trader or you might as well let someone else manage your money that will just buy and hold and do nothing else. In the long term you will do fine but I use my money to to make money to use not to just put away for retirement. Anyway many different styles of investment can work and i cannot say one is better than another as every individual has to decide what's best for them....glta

Just simply saying in a couple of years things will be better is just a foolish way to invest. If you see things are going to trend lower then you get out, and get into something else that benefits from lower prices... For example, lets say interest rates are expected to rise, then maybe conisder buying some insurance or banks... If you knew interest rates were going lower and you bought bank stocks 3 years ago, you would have dead money. Saying in 3 or 4 years banks will be higher so Im going to buy them now is not proper investing. Run with the trends and you will double or more your returns. 

Totally incorrect long term view of Canadian Banks as dead money.

Here are the facts ROR includes dividends (%)

2010-2015  ry 8.8, cibc 9.9, bmo 10.6, bns 6.3, rd 12.6, na 9.4       tsx comp 4.7

1970-2015 ry 13.9,cibc 11.3,bmo 12.2, bns 14.1, td 14.9, na 11.4      txs comp 9.0

not too shabby for dead money and remember banks represent a huge portion of the index