We may see a little weakness in the markets or at least our securities but it should not be too painful.  i60 (XIC-T) is bumping up against it’s upper trend line  and may back up a little from here.  i Energy (XEG-T) should be OK and keep rising with the rising price of oil.  i Materials (XMA-T) is closely tied to gold and other commodity prices and should do well over the next few months also. 

My most recent purchase, Enerplus Resources (ERF-T) is acting well. I’ve only owned it 5 days and already it’s up 5% and meanwhile it pays a monthly $0.18 dividend.  At today’s stock price that amounts to a 9.25% dividend yield. If Natural Gas  prices would only go up Enerplus will do very well. I would like to add to my position and will do so if there is any pullback in the share price.

Another security I am following (also, like Enerplus, NOT an ETF) is Yellow Pages Income Trust (YLO-T) which is a very strong and well diversified publishing company.  The share price right now is about CAD$6.00 and it pays a 13.2% dividend.  Yea, you saw that right. Hard to pass up.  It also pays on a monthly basis so it’s a nice source of income. However there is a fly in the ointment.  Like other Trusts it will revert from a trust back to a regular corporation later this year.  However, the company has stated that it expects to continue paying the same dividend amount.  We’ll see.

That’s all for now.

Ted Lagerway