RE:RE:RE:StabilityIve been in DIV for 7-8 years now and have found myself over weight many times. (A couple times way over weight..lol) ive been lucky and sold off at some price peeks to get my % back in line but when the price dips lm back in and overweight again. It has worked out very well for me as the dividend keeps coming in and when l look back, my capital gains are pretty nice too. Combined return above average.
Even though nothing is guarrenteed whats not to like. The money is coming in, (royalties) are solid. Mgt is committed to pay it out as dividends. The lastest round of naysayers were bashing Airmiles yet the royalties have gone up the last few quarters. I cant wait for the new royalty to kick in in Q1 2023. My point is lm very happy to own DIV and be over weight from time to time. There were a lot worse places to invest in 2022 than DIV. I wish more advisors recomended it. But then again most of them just screw things up so if we are flying under the radar paying 8% lm Ok with that too....GLTA....
MelodicHysteria wrote: For your 56,000 shares, Unless your portfolio is well north of 1-1.5 million dollars, This is taking up a sizeable amount of your portfolio.
What do you say to the nay-sayers of this stock who consider that to be a rather large financial risk? (yes it gives you roughly 1100 a month but just wondering how you justify this otherwise).
Just a genuine curiousity as I contemplate shovelling several thousands a month into it alongside a CAD (XEI) and USD ETF (ZDY) to make my portfolio more streamlined