A while back a friend said how happy he was with a basket of seg funds he and I both got into a few years ago. I questioned this as I'm not so happy with mine. He explained that regardless of the market value of the funds, he was pleased with the 5% annual guarantee that keeps piling in. Sure, I said, but you only get that 5% if you stay with the seg funds and ultimately purchase a retirement income product with the same company. He said that was fine with him, he's stay the course and take full advantage of the 75% gain after 15 years, no matter what the market value happens to be. We both agree that we have little faith in the markets for the coming years. As I suggested in my post of July 10, 2010, if the next ten are no better than the last ten, those playing the markets may get screwed!
I've written extensively about my decision of last June to put the majority of my investments on hold and tuck them away in a Canadian Bond Fund. Well, that was a year ago today and I'm pleased to say that the market value of my Bond Fund units is up 8.22%. Yup, 8.22% in exactly one year. Two factors, the value of the units has risen fairly steadily with the occasional step back when equities jumped and I've benefited from four quarterly distributions each of which added a considerable number of units to my account...all without investing another penny.
Oh, and by the way, because of the timing of the original investment, on June 22, 2011, I will receive another quarterly distribution in eight days. Yes, by the time I've been in for 373 days, I'll have received five quarterly distributions. Sometimes things work out.
I've written extensively about my decision of last June to put the majority of my investments on hold and tuck them away in a Canadian Bond Fund. Well, that was a year ago today and I'm pleased to say that the market value of my Bond Fund units is up 8.22%. Yup, 8.22% in exactly one year. Two factors, the value of the units has risen fairly steadily with the occasional step back when equities jumped and I've benefited from four quarterly distributions each of which added a considerable number of units to my account...all without investing another penny.
Oh, and by the way, because of the timing of the original investment, on June 22, 2011, I will receive another quarterly distribution in eight days. Yes, by the time I've been in for 373 days, I'll have received five quarterly distributions. Sometimes things work out.
As Always, Good Luck & Happy Investing!
