Sir Royalty Income Fund T.SRV.UN

RE:RE:RE:Lembit Janes buying

[maplak]

flamingogold wrote: If she has TFSA room consider moving it there first. The income (and any cap gains) would be all hers to keep... nothing for JT or Freeland. I have mine and my wife's TFSA maxed out in stock. My wife is getting about $1300/mth right now with potential to grow as I have her in Chorus and Inovalis, both currently not paying distributions but very likely in the next year they could resume (CHR first, then INO).

Mine is more growth oriented. Currently I am not getting distributions, I'm holding mostly BBD and doing very well with (currently doubled my position). My target is another double from the current share price and then I plan to roll it into a boring distribution fund like BK that will dish out about $4000/mth in tax free income.

maplak wrote:

flamingogold wrote: This is not the latest news but good to see Janes stepped in to buy stock when it hit the 11's back in June. SRV is a distribution vending machine stock of mine, a sleeper that keeps on giving. No plans on selling anytime soon.

Well said the same here. As a matter of fact I have some plan with my holding. My wife owns the stock in her cash account and is up about $ 7000. Selling would be subject to capital gains tax. Since her her pension will be very small I am building her RRSP income portfolio. So next year I will move whole stock to her RRSP account called contributions in kind. The half of the capital gains will be taxed but by moving stock over she gets thousands in tax refund. Plus no interruption in dividend income. 

Reading your post you have a great plan and I hope everything works for you. Honestly I have no idea how much room my wife and I have in TFSA. Just yesterday I have  searched my CRA and got puzzled from all those numbers. I have been wildly investing since 1999 / 2000 during the dot com when interest bubble bursted. Traded Nortel, JDSU , FInisar atc. Crazy times everyone wanted become a millionaire including myself. I remember buying JDSU in one month up $ 50 000 ( today $ 100 000)  left for vacation to Acapulco. Nervous  from the crush  every day I was buying 1 day old business news paper down there. Months later whole stock crashed from $ 260 us down to 1$ . 4 billion wiped out from TSX on that day. Lost all my gains plus $ 3000 of my own money. All together I lost money don't know how much but able to carry on. Another opportunity to become a millionaire after USA mortgage crash. lol. Dow,Nasdaq,TSX right on the bottom and China hungry for natural resources. I went all in . Bought iron junior Consolidated Thomson. Brian Tobin from government involved. Stock went from $ 1 to $17 . Bought out by Chinese. Chrtien help them to sell it. Plus I was trading coal,copper etc. Than went nuts again and started day trading. Some months I flipped 1 million. In 8 months up 250 000 ( today's value $ 366 000)  but than Chinese stopped buying and I lost the most of it. I think I ended up with $ 90 000. Last chance couple years before my retirement when covid started. Learning from my mistakes with no room for mistakes slowly I started to build my dividend portfolio. Today well diversified over 22 different stocks. Only Chorus was my growth stock but I got screwed but I made it back on PL. My goal was to have income of $ 24 000 a year. Finally when I got there my daughter broke up with boyfriend I gave her money for condominium down payment selling some stocks and started putting my dismantled portfolios back together. lol. Today sitting good challenging $ 30 000 a year. The most likely I can do even better but learning from the past experience staying diversified. Some GIS ( TFSA) some mutual funds with Desjardines. At the end I sort of made it. With my company pension, bridge, CPP, dividends and the gains I make more money then going to work and that feels good. Consider escaping Czechoslovakia under communism with just two pairs of underwear and no English can not complain. In 1989 Canada was a great country can't say it now.