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Thread: Claymore Securties Securities SWM Canadian Energy Income Index ETF (ENY)

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    CountryBoy's Avatar
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    Default Claymore Securties Securities SWM Canadian Energy Income Index ETF (ENY)

    Howdy all,

    I hope everyone had a good Fourth weekend. I gotta a question, that I hope someone can shed some light on.

    Iím considering investing in Claymore Securities SWM Canadian Energy Income Index ETF (ENY) for my personal Roth IRA. Great energy holdings. But Iíve read about this double taxation that Canada has or is considering on Trusts . I guess the short of the whole thing is Iím going blind researching the net on what this may mean. Are my dividends reduced? It appears they are reduced 15%, but since this is a private IRA and not a Corporate IRA, I may be able to file paperwork to get the 15% back.

    Has anyone had experience dealing with Canadian ETFís or stocks and have encountered this taxation of the dividends by the Canadian Government. Iím going back and forth on this ETF.

    Any thoughts or experience would be greatly appreciated.

    And maybe the whole thing is a moot point and the ETF is worth investing in anyway, since I believe that oil will continue to go up and even the Chinese are investing in Canadian Oil sands.

    TIA,
    Rus


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    Default Re: Claymore Securties Securities SWM Canadian Energy Income Index ETF (ENY)

    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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    Default Re: Claymore Securties Securities SWM Canadian Energy Income Index ETF (ENY)

    Thanks Show-me,

    I missed that about the loonie and if I go in, which I'm leaning to do, I'll definately just dip my toe in a little at a time to see how the water is.

    The tax thing is the bug a boo and it may just be a minor inconvenience.

    Rus
    Last edited by CountryBoy; 07-08-2007 at 01:18 PM. Reason: added the Tax line

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    Default Re: Claymore Securties Securities SWM Canadian Energy Income Index ETF (ENY)

    eny looks interesting
    ty!



    here are my favs....as a rule i never buy/sell anything other than these:

    http://www.marketwatch.com/quotes/qu...yg+twm+tna+faz

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    Default Re: Claymore Securties Securities SWM Canadian Energy Income Index ETF (ENY)

    know cef creates some extra paperwork at tax time in a taxable day trade acct

    IRA shields ya well from all this stuff (incld. big divs in the ultra shortz)...but in a taxable mad money acct. you create forms at tax time


    eny is a claymore product...never had any issues or strange forms from their products...YET

    the foreign stuff .....at times charge BIG azz fees over commission going and coming...always buy um at a free broker like bank of america.

    CEF for the gld&slv folks .... who like the loonie world

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