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North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

North American Financial 15 Split Corp. is a Canada-based mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It 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 the amount of over 5.5% annually and to pay the holders of the preferred shares a certain price 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 for a specific price per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying a specific price per preferred share. Its investment manager is Quadravest Capital Management Inc.


TSX:FFN - Post by User

North American Financial 15 Split Corp > FFN unit NAV to oct22 = approx:$17.40
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Comment by BlueJay2020on Oct 26, 2021 9:50am
178 Views
Post# 34049155

RE:RE:RE:FFN unit NAV to oct22 = approx:$17.40

RE:RE:RE:FFN unit NAV to oct22 = approx:$17.40

This is one of the most bizarre investing approach I have ever encountered. So you are effectively saying you only ever buy a stock once (unless the price dips below the original purchase price)? 

My approach is to identify the best ROI on the next dollar invested. The price I paid for a stock last time has no bearing on that whatsoever.  Better to get, say, 10 per cent return on a further investment on an 'old' stock than 6 per cent on a 'new' one.

[/I don't buy any more because it decreases the return on my investment for each dollar placed on this stock, my average is 7.27310$ per unit  

[/quote]
 

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