This blog is focused on stock market investing but I occasionally digress and this is one of those occasions. I don’t discuss my day job on this site but I am making this exception. Last year we decided to make a donation to our local hospital but we asked for a list of priority needs. After reviewing the hospital’s list, we decided to cover the cost of sleep diagnostic equipment and software which totalled $12,000. Until now, patients suffering from a sleep disorder had to travel five hours to St. John’s for diagnosis. Last year, a hospital which is an hour away acquired sleep diagnostic equipment and now has a six month waiting list.
Our hospital has trained six personnel and started using the equipment today. Below is a picture courtesy of our local newspaper, The Advertiser, and, as always, I am the shortest person in the picture!
The O’Leary Funds and the MINT Income Fund ran large ads in Saturday’s Globe and Mail soliciting investors to exchange selected common shares, preferred shares and/or convertible debentures in return for units of the O’Leary BRIC-Plus Income & Growth Fund (that’s a mouthful) or the MINT Income Fund. Both of these funds have as their objective to provide the unit holders with an income. Both ads provide the starting monthly distributions but, of course, the distributions are not guaranteed.
As for the O’Leary Funds record, the O’Leary Global Equity Income Fund has provided investors with a net loss of 17.5% since July 23, 2008. Over the same time period, my worst performing Canadian model posted an 18.7% gain thereby outperforming O’Leary’s fund by 36.2%. Bet, hey, as O’Leary would say at least you got paid to wait!
The MINT Income fund, which is managed by Middlefield Capital Corporation, provided investors with a 3.6% return from July 23, 2008 to present thereby beating O’Leary’s fund by 21.1%.
