Comments on: Unclaimed fortunes, locked inside “Gulf Coast Vaults”

By: john wilson

john wilson — Wed, 06 Jan 2010 22:28:42 +0000

i am ready to claim some money

By: tom

tom — Fri, 26 Jun 2009 12:44:26 +0000

show me the money.

By: Rod

Rod — Thu, 25 Jun 2009 16:01:53 +0000

PEYto the best stock to own in Canada

By: ic

ic — Thu, 25 Jun 2009 00:23:02 +0000

The problem with investing in Canada: hope your stock is never bought out or merged. The Canadian slap a 15% tax on the entire amount of the proceeds regardless of how much you paid for it. If you have a capital loss, tough luck, 15% on whatever left of your stock. You can’t claim foreign tax credits either unless you go thru a few loops and use an accountant to do your taxes. Beware.

By: MaryAnn

MaryAnn — Wed, 24 Jun 2009 20:07:44 +0000

I still own several Canadian Royalty Trusts, after having sold some of them when they tanked last year. The most solid are Enerplus and Arc Energy Trust. They almost all reduced their dividends last year, but some are coming back.

Roger Conrad will truly steer you right on which are the best. I get my info from him currently from his Utility Forecaster newsletter, far less expensive than Canadian Edge and he also covers the CRT’s and hundreds of other dividend payers. The newsletter is truly misnamed as he covers MLP’s, integrated oils, various preferreds, bonds, ETF’s, and a few Mutual Funds.

I truly enjoyed reading this writeup…got many laughs. Where in the world do they get lines like “locked up” in “gulf coast vaults”????