heckler73
Well-Known Member
I'm looking to sell this Fund based around the Canadian Banks and Life Co's. I bought it in Nov 2011 when people were panicking over the sector, knowing there was little to worry about (perhaps due to a more detailed understanding of the sector). It pays a nice dividend almost every month (depending on NAV) and has increased in price nearly two-fold since then. I've gotten what I need from it, and there are other similar products available now which I feel are somewhat under-valued (and a little broader in scope), relatively speaking, that also pay the same type of divie. So, why hang on just for the dividend when I can get some price appreciation on top of it, elsewhere.
As for the person I was talking with (not an associate), I don't know all the details of when he bought his silver, but he's a "stacker", so I presume he bought into the false paradigm of collapsing currencies, and was buying all the way down (after sinking a shitload in near the highs). My discussion with him was very brief.
You should be careful with that "safety" premise. Sure, there is assurance it won't go to ZERO, but losses can dwarf whatever "safety" is left. And there is nothing to say the PoG/PoS won't blow through the median cost along the way... If you don't mind hanging on to your hoard for a decade, then sure, go ahead. But if you are looking to get ROI, I'd recommend diversifying a little more.
Good luck... and I mean that, sincerely. I don't like seeing people that aren't complete assholes getting hammered (unlike Peter Schiff... he's one prick that deserves bankruptcy).
