Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.PR.A

RE: Question

[OptsyEagle]

If you do not have the proper skills to go through an income statement and balance sheet to properly analyse the individual businesses than I would defininely stick to funds. That being said, I am a big fan of diversification and would probably want a couple of funds at least. I would also want some that invest in regular dividend paying companies, global companies, perhaps mortgages and bonds, etc. Some of the ones I like are EIT.UN of course. You can read below on my opinion why this one is a winner. PGT.UN is trading at a very nice discount of about 16% to NAV and invests in lower risk electric power plants and pipelines. Very long life assets that spin off a great deal of cash. FC.UN issues mortgages to higher risk borrowers. Almost all loans are 1st mortgages secured by home equity and Firm Capital has a lot of experience in this business. They will not be effected by this new income trust tax and currently pay out about 8.5% yield. There is an incredible amount of diversification in just the ones above but look around for more that add new types of assets to ensure that something is always working in the portfolio when others are taking a breather. Good luck to you.