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Financial 15 Split Corp T.FTN

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

Financial 15 Split Corp. is a mutual fund company. The Company’s investment objectives with respect to the preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in an amount fixed by the board of directors on an annual basis. Its investment objectives with respect to the Class A shares are to provide holders of Class A shares with regular monthly cash distributions, in an amount to be determined by the board of directors; and to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per unit, by paying such holders, on or about the termination date, such amounts as remain in the Company on the termination date after paying the preferred share repayment amount to the holders of the preferred shares. It invests in a portfolio consisting of 15 financial services companies made up of Canadian and United States issuers. Its investment manager is Quadravest Capital Management Inc.


TSX:FTN - Post by User

Post by Experiencedon Mar 28, 2024 8:32am
186 Views
Post# 35957509

Some Warning Signs

Some Warning SignsIn my past post, I mentioned my concerns over the fact that the market sentiment indicator has been stuck in the Greed and Excessive Greed range for the past few weeks.  This is usually a signal that the market is getting overheated.  Sooner or later the last person desperate to get in will have spent all their money and the number of buyers declines and the market retreats due to a lack of buyers.

The other worriesome indicator is the so-called Buffet indicator.  Buffet has often said that this indicator is the one that he relies on since it is the most accurate.

So what is it ?

His indicator is to take the Wilshire 5000 which is the broadest market index and compare the valuation of those stocks to US GNP.  In simple terms it measure the value of all the stocks against the size of the US economy.  For Buffet, a reading of 100% is OK and a reading of 70% or lower suggests that there are bargains out there.

What is the current value of this comparison?

Ready???

190%!!!!


Something to think about when making investment decisions.
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