North American Financial 15 Split Corp T.FFN

FFN unit NAV to oct22 = approx:$17.40

[mouserman]

So updated the spreadsheet for the end of the week , should have my new Mac cord by the start of the next week.
This spreadsheet shows the gain now @ 33 cents since the 15th and that puts the common shares value at $7.40.
I dont think I have seen a splitfund common trading at this kind of low premium when still yielding over 18 % and having well over 2$ safety coverage for distributions. The 9 cent premium to NAV works out to 1.2%

[flamingogold]

These low premiums for the top tier splits indicates to me they are fully valued on the cap appreciation side. Investors are less willing to pay up as the liklihood for a correction increases.

[paracelcius]

[/citation]this is speculation on your part, even the greatest financial experts are not able to predict how the markets will react, 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  

[BlueJay2020]

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

[paracelcius]

[citation=BlueJay2020] C'est l'une des approches d'investissement les plus bizarres que j'ai jamais rencontres. Vous dites donc que vous n'achetez une action qu'une seule fois ( moins que le prix ne descende en dessous du prix d'achat initial) ?  Mon approche consiste identifier le meilleur retour sur investissement sur le prochain dollar investi. Le prix

[mdoldon]

Hmm, have to agree that I'm missing the logic there, but to each his/her own

[paracelcius]

You don't understand how FFN works, you only see the return based on the price you paid for your shares, it's not a company share you are buying, the price you pay should be based on the net asset value, if the net asset value is $7.40 above $10 which is the nominal value of the common stock you are paying too much and your investment is losing profitability for every dollar you invest

[mdoldon]

I understand eactly how the fund works, thanks.   I've owned it for over 10 yrs now, although I seldom chase immediate gains.  Im more concerned with longer term income, which I then typically reinvest across a number of Splits and Income funds, with allocation chosen based largely on current return levels, plus some other balancing I do. For any investment, your

[paracelcius]

all your reasoning is wrong, because the more shares you buy at a higher price the more it increases the average cost of your shares and for every dollar you invest in that stock, each dollar invested gives you less annual return. if your average is for example 7 dollars your annual return is and will be higher. But in the opposite case if the market price plunges and your average is clearly above

[mouserman]

Spoken like a desperate shortseller .... My average on FFN is under 6 $ , despite buying ffn at times above 7$... and that is because i began buying FFN over a year ago, and have collected $1.50 a share in distributions since then.... DID i miss out on some other runs?  I had EFR at 2$ average around the same time, it is now over 12$... i sold at 3$ and regretted it ever since. BUT EFR does

[HappyFrog]

Because of MouserMan I followed this stock carefully in the last 3 years I bougth thousands of $$ when it was not paying divident while at 4.50 to 5.90 and waited las year. My yeild on cost is 30%.  and I take out of the drips from it when  top values is there to spread the risk. Thx a lot MouserMan.  for all  education on  FFN FTN, SBC and ENS

[paracelcius]

You carry a heavy judgment on me without knowing who I am. All I mentioned was an undeniable fact the more you buy the stock at a high price, the lower the annual return on every dollar invested, unlike you I don’t spend buying and selling my FFN shares, I had the time to buy them at a price of $7.58 per unit, which led to a great reflection on the true annual return of this title. In fact, since

[mdoldon]

There is no 'misunderstanding'  You should maybe hold off on telling some of the most experience people on the board that they don't understand what they are doing.   Nothing changes the fact that if you like a stock, and have some sort of income that you wish to use for investment purposes, then the amount YOU ALREADY have invested means nothing in terms of your return

[BlueJay2020]

Your last two posts have been brilliant.  Some people have no business self-investing at all, let alone in split-share stocks ... sheesh..  

[mdoldon]

Thanks  I'm too long winded in a pointless effort, i know. To be fair, his strategy isn't BAD, he protects his money to some extent so his weird way of looking at things doesn't actually risk his investment.   But it's just not rational for his stated goal of growing his return. C'est la vie.  

[paracelcius]

Rien ne change le fait que si vous aimez une action et avez une sorte de revenu que vous souhaitez utiliser des fins d'investissement, alors le montant que VOUS avez DJ investi ne signifie rien en termes de retour sur le prochain dollar investi, et vice versa. Si FFN paie 10% (aprs la pire baisse du march de l'histoire) et qu'une autre option paie 6%, et que vous jugez que chacune