Financial 15 Split Corp T.FTN

Question for mouserman...

[Gord_Alberta]

I owned FFN a few years ago; sold 60% because things did not seem right. Should have sold all; the good news is that I did not lose money.

I bought FTN this week based upon the dividend. Yet I note that had I owned this stock over the past 3 years, the dividends reinvested would not even have close to covering losses. Your thoughts?

[dileas48s]

My comment is that, based on portfolio visualizer, $10,000 invested on January 1, 2019 in FTN with distributions reinvested would leave you with $9,719 today.  But, at the end of February the value would have been $12,314.  It's true, FTN is not about generating the best total return, but generating a reliable income (albeit one that does not accommodate inflation very well). My

[mouserman]

Yes, buying FTN and/or other split funds, after a huge pullback, ( spring/summer of 2020 for example) or after offerings , seems to be the best strategy. HOWEVER holding these thru the downturns really does reduce overall profits. I view these as swing trading opportunities with big dividend/distribution yields attached. The last 4 or 5 months , i have mostly been going to cash after the ex divvy

[Gord_Alberta]

Thank you for your feedback. I have not lost money this year either... Since 95% of my investments are on the DRIP program; I actually like lower stock prices - SO LONG as steady monthly dividends are paid. Twas sort of curious if you see anything in this Bear market to drive FTN's share price too low for a dividend...

[mouserman]

Yes i believe there is the potential for a serious enough correction in the markets /financials to see FTN maybe miss a distribution. I dont view it as likely, or happening before the new year.  I think next year may get worse, if the Central Bankers continue on their quest to make homeowners bankrupt with high inflation and rising interest rates.

[CanaanR]

This post has been removed in accordance with Community Policy

[deisman03]

Personally, over the past three years, after my portfolio tanked in 2020, I've managed to get all of the principle capitol back, plus 20% and had a very good income stream from distributions out of mostly two investment vehicles.  EIT.UN and BK for most of my gains. I also played every swing on those investments I felt safe about and will admit I missed a few.  I did well on one of

[GreenCarpStorm]

  Maybe stick to GIC's

[Gord_Alberta]

Since you own eit,un - just look at the chart as of November 1st each year... Nov 1st 2019 - $10.77 + $3.60 = $ 14.37 plus dividends reinvested Nov 1st 2020 - $10.09 + $2.40 = $12.49 plus dividends reinvested (the whack of new shares bought at $7.29 in March was a nice bonus... Nov 1st 2021 - $13.09 + $1.20 = $14.29 plus dividends reinversted

[CanaanR]

This post has been removed in accordance with Community Policy

[Gord_Alberta]

I used to own FTN & FFN yet stepped away from 90% of this investment earlier this year. Bought 1,335 shares of FTN when it seemed right in early October. And yes, I am mainly buy & hold... Overall you are correct. 90% of my money is in eit.un - yet I like some slightly higher dividends. Willing to diversify a fraction to achieve that goal... ;-)

[GreenCarpStorm]

  maybe stick to GICs John "Canannr"  Plows ...

[SusanBolland]

  maybe stick to GIC's ... just saying

[EdRudner5]

This post has been removed in accordance with Community Policy

[BurlingtonJohn]

  Please keep your posts about FTN....  Thanks