Investment
We had good discussion of investment at Chris' after the dinner. As I have posted in the previous post, I will share the findings from Cambridge House investment conference Billy and I attended.
Many thank you to Billy who put together this list:
And some good stock and dividend fund:
Many thank you to Billy who put together this list:
- Energy Metals Corporation - EMC-T - buy at $7 - 7.50
- KHAN Resources Inc. - KRI-T - good but very new
- Commander Resources Ltd. - CMD-X
And some good stock and dividend fund:
- Pengrowth Energy Trust - PGF.UN-T - pays you about 15% dividend
- Clarington Canadian Dividend Fund - pays you 8 cents per month per share you have and it's designed to stay around $8 to $12 (0.08 / 7.875 X 12 = 12.2%)
posted by Toshiki at 9:17 PM
1 Comments:
Toshiki, you forgot to mention that Clarington actually repays the capital instead of paying dividends until all the capital is used up. This means at 12% it will take 8 years before you have to pay capital gains tax on the monthly distributions. The downside to this is that you have to pay a large one time capital gains tax if you sell it after 8 years as it will be 100% dividends and 0% capital, so you better save your money that you saved on taxes for those 8 years. The way I see it is you get to simply defer taxes for 8 years and I would rather have the money sitting in my bank account than the government's.
Jon
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