Comments on: Good News For Canroys?

By: Living Off Dividends

Living Off Dividends — Wed, 12 Mar 2008 21:02:37 +0000

for research on canroys you can check out the following sites; wikipedia Yahoo! Finance <- check out the news under individual stocks like AAV, PGH, HTE, PWE, ERF

By: aquinon

aquinon — Wed, 12 Mar 2008 20:27:43 +0000

Can you point to a place to see research on Canroys? I’ve been looking in the research area from my online broker, but the information is always incomplete. That, and the looming tax change (31%?!) makes it hard for me to buy, although the idea seems attractive. Do you have any updated information?

By: Michael Bigley

Michael Bigley — Fri, 29 Feb 2008 05:09:48 +0000

Just a quick note, and I’m sure most of you have been utilizing this strategy lately when purchasing new Canroy or Amroy shares. I have found that selling some out of the money upside calls while purchasing new shares/units has been a great strategy. Not only do I add a ‘built in’ dividend when selling the upside calls, but I also get the great monthly income stream. I have been trying to sell about three months out on each contract as I acquire new blocks of shares. If I get called out, so be it, I collect the dividend in the meantime and collect the upside margin as a capital gain. I want to own them anyway for the income, so I figured why not try to create another income stream off of the same asset. Just my two cents. Good luck all, and I continue to enjoy the informative discussion and posts regarding a variety of topics on this website.

By: Living Off Dividends

Living Off Dividends — Sat, 09 Feb 2008 08:26:09 +0000

the canadian ones you have are very good. don’t know much about SBR.
I also like AAV (bastards keep dropping their dividend but on the bright side its utilized towards increasing reserves) and HTE.

By: Michael Bigley

Michael Bigley — Sat, 09 Feb 2008 02:56:30 +0000

I’ve been accumulating the Canroys & the AmRoys for the last four months in a dividend portfolio. I was lucky enough to catch only the last 3 to 5 percent of the decline in share price reap the steady income stream they produce. I’m still dollar cost averaging in to about six different trusts and when I feel valuations get a little extended I’ll sell calls against my positions (out of the money) in order to attempt to generate some short term income (no more than three months on the contract) and cushion from a price decline. The buy-write strategy seems to be appropriate for the time being and the returns have been stellar since the equity market has been in a free fall since roughly October 07. I currently own PWE, ERF, PGH & PVX on the Canadian side and PBT & SBR on the American side. Any other higher quality names anyone cares to share I would appreciate it. I enjoy the website and look forward to many more informative posts and topics of passive income generation.