RE:Life investement questionmage1234 wrote: Hi guys , i have start investing this year in late february with a total of 31 500$ and i am 21 years old . When i found bte a put 3 k and been adding since then , my total investment in bte reach 10 k , i have sold everything yesterday for the first time for 15200$ because the last 2 month have been a tough ride and im tire of seeing my account fluctuate so much !!! Is it stupid to have 15 asset in bte for a 40 k porfolio? After selling i bought back immediately 5 k because i would be so mad to miss a big run with all the time being long on that stock . My entire porfolio is 5600$ enbridge , 12500 national bank , 3 k penn west and 3 k amaya .... Is having 15 k in bte was risky ? Now i only have 5 k and i feel its better for me ... Would it be safer to add one pf he 5 k left in enbridge for dividend and sit on 5 k?
If investing scares you, talk to a financial advisor. If putting money in BTE worries you then I would suggest you put it into something more secure (but with less upside) like CPG or WCP... At least when oil recovers you might make 50 or 60% but BTE will be 300% or more.... With reward there usually comes risk.
I own ENF, and they have targeted dividend growth of 8 to 10% per year... Try some renewable companies also like RNW or BEP.un. Im not that keen on NA, like TD and RY better. NA is more exposed to the oil markets and oil loans than TD and RY, Also, buy a little Telus, or BCE, thats my thoughts.