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Financial 15 Split Corp T.FTN

Alternate Symbol(s):  T.FTN.P.A | FNNCF

Financial 15 Split Corp. is a mutual fund, which invests in a portfolio consisting of over 15 financial services companies. The Company offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to Preferred Shares are to provide holders of Preferred Shares with cumulative preferential monthly cash dividends in an amount of over 6.75% annually and to pay the holders of the Preferred Shares approximately $10 per Preferred Share on or about the termination date. Its investment objectives with respect to Class A Shares are to provide holders of Class A Shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company over $15 per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying over $10 per Preferred Share. The Company’s investment manager is Quadravest Capital Management Inc.


TSX:FTN - Post by User

Financial 15 Split Corp > Inglewood
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Comment by Inglewoodon Apr 03, 2024 11:09am
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Post# 35967691

RE:Inglewood

RE:InglewoodHi NobleHouse... it is scary! Q-trade charges me 7.5% for CDN margin, and 9% for US margin (which I only use for small time option trading)... it has been totally worth it for the last 5 months, where the portfolio has literally doubled from the October lows.. Sure wasn't worth it when my portfolio went down 40% from Labour Day to Halloween last year!

I am now in this weird balancing act. Getting FOMO as I keep seeing stocks move up, and then a healthy dose of FEAR remembering what happened to me last fall. My strategy, for better or worse, has been to stay invested 95% of the time, and jumping out prior to CPI, PCE or other major data points (and each time so far, jumping back in once confirming the market isnt crashing). Had I not jumped out, I would be about $50K higher on a $850K portfolio ($250K margin debt). However, I am super fearful of a correction as the last 5 months have been out of this world.. I have not experienced a run like this in my short investing career. 

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