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Financial 15 Split Corp T.FTN

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

Financial Services Asset Management
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

Financial 15 Split Corp > Inglewood
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Comment by Inglewoodon Apr 03, 2024 11:09am
116 Views
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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