Saturday, November 04, 2006

All the blather about the income trust changes certainly shows a deep ignorance on the part of a lot of commentators and especially bloggers.

First, anyone complaining about losing fairly hefty amounts of money like 100 grand had to have 800 or 900 thousand invested in trusts so boo hoo hoo. If you can't live on the balance call Conrad Black for advice.

Second if you are so upset, fire your broker or adviser.

Third, my experience with the ones I hold is that the capital gains I've experienced to date more than makes up for the drop in share value and I expect this is the case generally.

Fourth, the whole purpose of income trusts is to provide good distributions not capital gains.

Fifth, anyone selling for less than they paid for the stock simply panicked and do not deserve any sympathy.

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