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Bullboard - Stock Discussion Forum Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.P.A

Alternate Symbol(s):  ENDTF | T.EIT.P.B | T.EIT.UN

Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.

TSX:EIT.P.A - Post Discussion

Post by MollyRJ on Dec 29, 2021 1:43pm

Albertan Gord

I would never presume to tell anyone where to put their investments , especially their retirement money as l know you are close to that welcome event. I will suggest you take a good look at HDIV as l know Etfs and funds are your bag. As l said EIT is my biggest holding and will remain so at about 31% of my portfolio , but of late l have sold some stocks and other etfs and consolidated in HDIV. The dividend is about 1% lost but it has many attractive features. First it holds 7 diverse etfs , including CDN banks , insurance cos Gold , , Tech , Healthcare , O and G and Utilities. Unlike EIT they use Covered calls on ETFs that use Covered calls. With potential volatility , it goes a lot of downside protection and great diversification. This recent addition to my portfolio now represents 17% so l put my money whee my mouth is. Just a suggestion and in conclusion , hello Leo , something you acknowledge wning even if it is for fun. No insult this time , just an observation. Legit question , you have a good harvest this year and l trust Burnaby was not heavily affected by your weather related events
Comment by Jtpatrol1 on Dec 29, 2021 2:02pm
  Can you please keep your posts about EIT.UN , no one cares about your alternative lifestyle there Trevor ... oh I mean "Molly"
Comment by Jtpatrol1 on Jan 13, 2022 2:59pm
Comment by Jtpatrol1 on Jan 14, 2022 1:30pm
Comment by Gord_Alberta on Dec 30, 2021 4:39am
Right or wrong, I like this company for it's diversification PLUS the monthly dividends. And yes, I am now retired collecting CPP & OAS. My wife is 15 months away. To cover our butt in case the market collapses, we have a years worth of necessary cash in my RRSP & my wife's investment account. If a stock drop occurs - we should be fine while still collecting dividends... Plus ...more  
Comment by Martincat on Dec 31, 2021 8:39am
What do you mean by cash?  Cash sitting in a bank account bearing close to zero interest.....Are you not concerned with inflation which is nipping at such investments? The reported CPI numbers are misleading in my opinion...One has to only visit the local grocery stores, gas stations, etc to see the real numbers....I like real estate as a safe haven for preserving investment values.....JMHO!
Comment by Gord_Alberta on Dec 31, 2021 5:51pm
I agree with you 100% on what you see in grocery stores, etc...; my cash earns 0%... Yet, let me tell you a short story. Less than two years ago my wife & I went on holidays out of the country. The stock market collapsed; my wife almost had a heart attack watching our investment value collapse. Meanwhile I was very, very happy watching our monthly dividends buy lots & lots of new shares ...more  
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