Comments on: Smith Manoeuvre October Updates http://www.thefinancialblogger.com/smith-manoeuvre-october-updates/ This is where your finance takes place Thu, 08 Jan 2009 20:45:29 +0000 http://wordpress.org/?v=abc hourly 1 By: The Financial Blogger http://www.thefinancialblogger.com/smith-manoeuvre-october-updates/comment-page-1/#comment-730 The Financial Blogger Mon, 08 Oct 2007 17:05:05 +0000 http://www.thefinancialblogger.com/smith-manoeuvre-october-updates/#comment-730 FP- Even if Sprott is categorized into the Cdn equity fund, it is still riskier than a normal equity fund. They have a tendency to invest massively into specific markets. For example, five years ago, they were investing a good part of the portfolio into oil and gas. However, over the long run, they show a great potential return. FP- Even if Sprott is categorized into the Cdn equity fund, it is still riskier than a normal equity fund. They have a tendency to invest massively into specific markets. For example, five years ago, they were investing a good part of the portfolio into oil and gas. However, over the long run, they show a great potential return.

]]> By: FourPillars http://www.thefinancialblogger.com/smith-manoeuvre-october-updates/comment-page-1/#comment-729 FourPillars Mon, 08 Oct 2007 16:35:19 +0000 http://www.thefinancialblogger.com/smith-manoeuvre-october-updates/#comment-729 FB - I made a mistake - I looked up the Sprott fund on globefund.com and it appears to be a normal Cdn equity fund. I was thinking of some other fund that apparently went up 100% last year - probably some sort of energy fund. So having all your leverage in there is just fine. You might want to look into individual stocks at some point as well since then you can control the dividends which helps pay for things ie BMO pays 4%+. Mike FB - I made a mistake - I looked up the Sprott fund on globefund.com and it appears to be a normal Cdn equity fund. I was thinking of some other fund that apparently went up 100% last year - probably some sort of energy fund.

So having all your leverage in there is just fine.

You might want to look into individual stocks at some point as well since then you can control the dividends which helps pay for things ie BMO pays 4%+.

Mike

]]> By: The Financial Blogger http://www.thefinancialblogger.com/smith-manoeuvre-october-updates/comment-page-1/#comment-728 The Financial Blogger Mon, 08 Oct 2007 15:33:43 +0000 http://www.thefinancialblogger.com/smith-manoeuvre-october-updates/#comment-728 FP, I will continue to put my money into the Dividend Fund and only transfer 5K in the Sprott fund. I am aware that it is risky, however, as my SM is done over a 30 years + investment horizon, I am not really concern about the fluctuation. You need stuff that is more risky if you are leveraging. It is not with bonds that you will outbeat your interest rate ;-) I'll probably write more about my asset allocation to make it clear... thx for the idea! FP,
I will continue to put my money into the Dividend Fund and only transfer 5K in the Sprott fund. I am aware that it is risky, however, as my SM is done over a 30 years + investment horizon, I am not really concern about the fluctuation.

You need stuff that is more risky if you are leveraging. It is not with bonds that you will outbeat your interest rate ;-)

I’ll probably write more about my asset allocation to make it clear… thx for the idea!

]]> By: MillionDollarJourney http://www.thefinancialblogger.com/smith-manoeuvre-october-updates/comment-page-1/#comment-727 MillionDollarJourney Mon, 08 Oct 2007 13:10:01 +0000 http://www.thefinancialblogger.com/smith-manoeuvre-october-updates/#comment-727 Thanks for the link love FB! The odds are pretty good since there are 5 books available. Best of luck. Thanks for the link love FB! The odds are pretty good since there are 5 books available. Best of luck.

]]> By: FourPillars http://www.thefinancialblogger.com/smith-manoeuvre-october-updates/comment-page-1/#comment-726 FourPillars Mon, 08 Oct 2007 12:47:41 +0000 http://www.thefinancialblogger.com/smith-manoeuvre-october-updates/#comment-726 Interesting summary. The Sprott fund is very risky in my opinion. When you eventually have a larger leveraged position ie $25k+ will you still have all of it in that fund? Any thoughts as to what type of securities you would like to own in the leveraged account? Mike Interesting summary.

The Sprott fund is very risky in my opinion. When you eventually have a larger leveraged position ie $25k+ will you still have all of it in that fund? Any thoughts as to what type of securities you would like to own in the leveraged account?

Mike

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