Can someone who is a regular contributor on this board please tell me, is it the goal in owning Trusts like WHZ to recoup all the money you invested plus some before the trust expires and it is worthless.
Hmm, essentially your question boils down to 'is the goal to make money'.
Because if you don't recoup the money before it becomes worthless then you made a loss, right.
I doubt many here would say that the goal is to make a loss, so that implies the answer to your question must be 'yes, the goal is to make money'.
Basically and Im sure someone will correct me but the Readers Digest version of the break down of this oil trust is just that. They drill and sale the oil, pay expenses and 90% of the profits are sent back to the unit holders (us) as a combo ROI/DIV. The trust has a limited amount of oil and or time it'll pump.. so yes, as the oil comes out of the ground so does the value of the unit shares...so they ultimately will go to zero but will trade on the stock market like a regular stock (see WHX) .. the ROI/DIV is different each quarter because of the variables involved.. but we do get 90% of profits. Good luck