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Canadian DRiPs
Moderator is Robert D. Gibb

Date: 4/12/2009 10:29:44 AM
Frequently Asked Questions
Author: garylowe
Subject: 20889/35604 - Re: Derek Foster on CBC about his new book
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Hi and thanks OB for the links....I have been away and out of touch for 3 months so all this is fresh breaking news to me re:DF
DF is only 38 and has time to take risks and recover. I am holding firm for 10 years and expect a good outcome.

Currently my DRIP portfolio of dividend achievers is only 50% of my cash commitment. Like Tom Connelly says....the decline in share price is of no concern...it is the dividend cut or lack of growth that is important. I'm rather glad that yields are so high because I get more free shares to reinvest over the next ten years(my horizon)before taking them in cash.

I am really hoping the TSX continues to fall over the next couple of years because I intend to purchase 50% more DRIPS as the market declines. I will use this buy-down strategy, putting more in as the market goes deeper.

If we are at or near the bottom then it's a matter of patience in order to buy on the dips as things stabilize.

I plan not to sell my choices unless a companies fundamentals are REALLY haywire. Maybe I am out of touch with the fear, but I feel rather comfortable with this strategy so far.



Thanks again for clueing me in on this DF hypocrisy....I was already forming suspicions about him.

Gary
 
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