Q: Hi team; An advisor (before I knew about 5I) called very enthusiastically telling me about the IPO
for Eagle Energy Trust. Naively, I believed him and he even agreed to my suggestion of putting it into the TSFA. I paid $11. It now ranges between $6.30 and $7.00. It is paying the very high dividend. Recently I found Peter's article about IPO's. I will never buy another IPO. Do these advisors know what they are selling, or are they assessing the investor's lack of understanding just to make money for themselves or to sell what their company (Scotia McLeod in this case) is promoting?
Thanks so much for all the answers you provide.
Jean
for Eagle Energy Trust. Naively, I believed him and he even agreed to my suggestion of putting it into the TSFA. I paid $11. It now ranges between $6.30 and $7.00. It is paying the very high dividend. Recently I found Peter's article about IPO's. I will never buy another IPO. Do these advisors know what they are selling, or are they assessing the investor's lack of understanding just to make money for themselves or to sell what their company (Scotia McLeod in this case) is promoting?
Thanks so much for all the answers you provide.
Jean