Financial 15 Split Corp T.FTN

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

Financial 15 Split Corp. is a mutual fund, which invests in a portfolio consisting of over 15 financial services companies. The Company 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 an amount of over 6.75% annually and to pay the holders of the Preferred Shares approximately $10 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 over $15 per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying over $10 per Preferred Share. The Company’s investment manager is Quadravest Capital Management Inc.

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Comment by NoShoesNoShirton Nov 22, 2024 7:49am

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RE:RE:RE:RE:Posthaste

Hey Deisman03 I agree that bitcoin can move the market, but I think it's a leading indicator. It started going down in November of 2021, and the s&p500 started dropping early January 2022. Then ZEB started to go down mid January... And yes I'm prepared to get out quickly if bitcoin or ZEB top out.

deisman03 wrote: Nope, I'm not kind of bearish at all, but I am very cautious. Sold it all today.

Yes, very likely to early. But I made some very decent profits, very quickly and I'm very cautious.

What's happening now is not a slam dunk. Large corporations all over the world are shutting down factories, laying off long term staff, etc. It's going to have and effect on the financial district soon.

How soon? I don't know, but several people whose judgement and insight I respect a great deal are getting nervous and trimming many of their portfolios for cash stability and profits.

I'm financially comfortable, in retirement, so missing a few distributions isn't going to bother me much.

I've bought and sold this vehicle three times over the last two months and made out quite well.

If I leave money on the table, well so be it.

I like seeing you folks all excited about the way financials have had such quick gains. I hope the ride goes on quite a bit longer for you. GLTA.

I'm going to sit on the sidelines right now to wait and see. If I think I see an opportunity to buy back in on this vehicle or another, I will.

Another thing which concerns me is the rocket ride CRYPTOs are having.

Lots of money coming out of all sectors to try to catch that ride. Most of it seems to be coming from other places in the world than North America, but it's going to bite into the other sectors pretty hard.

Things are moving a bit to fast for me right now to make sense of. The markets have high evaluations for the most part. FTN and others not so much, but if a quick and dirty downturn comes to fruition, a lot of money can be lost overnight in the after hours trades.

Under such conditions, stop losses are meaningless as the bids pass right by them.

GLTA the good folks here