Yeah, investors need to take a longer term outlook on things. Really how many people had all their eggs in an income trust bracket anyways? If you did thats not exactly the most logical thing to do in terms of a long term investment strategy. Afterall when something seems to good to be true, it usually is. Markets always have up and down spikes and these income trusts had really spiked. They were bound to be forced down at some point in time. Long term this will be better for the economy. Sorry to those who lost out, but if you don't have the time to see it through, or you can't afford to lose that money, than you shouldn't have made the investment.
__________________
"Some guys like old balls"
Patriots QB Tom Brady
|