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Global X S&P/TSX 60 Covered Call ETF T.CNCC



TSX:CNCC - Post by User

Comment by Galoveon Sep 02, 2013 8:14pm
405 Views
Post# 21713708

RE:RE:HXT vs HEX

RE:RE:HXT vs HEXGreetings,

I bought this stock on the recommendation of a relative and I will be unloading my position of just under 14,000 shares once I can break even. My purchase price ranges from 7.77 to 7.98 per share in which I have held for 17 months and has generated a dismal 80 cents in dividends. In hindsight I should of stuck with my gut and bought CEW.A or a much larger position in FIE.

Generally speaking the Horizons funds have been under performers, and when I contacted the fund manager he stated something along the lines of it is 5 year hold and is meant to generate income...nothing stated about share appreciation which should of been an immediate warning.

The trend I see with HEX is it continues to hit lower lowes and reduced dividends. REITS have been hammered lately due to the rising interest rate scare.  I just recently, took a position in D.un as this REIT has never reduced their dividend of 0.1866 cents per share. 

Good luck with your investing
Galove 
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