RE:RE:RE:RE:What a superstar anchor in a portfolioHey Quint
Thanks for the very nice and insightful comments and you are very correct on a number of points especially accumulation vs retirement/income stage. Taking profits and redeploying the cash is a very reasoanble and sound approach during accumulation.
We are indeed retired (9 years) and live off dividend income so total return doesn't really matter to us. That means no need trimming/selling unless something changes with a company we own.
Anyway, you possibly selling EMA would make sense if there are better places to put the dough. It seems pretty tight right now but with the way things are looking, the banks may soon be one of those places.
Good luck with it.
Sarge
Quintessential1 wrote: Hey Sarge, I am familiar with your investment strategy and I have a deep respect for it as I have defended the buy and hold philosphy for ENB many times on the ENB board.
That being said your investment strategy works for you and yours in your particular place in life (I assume retired) with your funds ( I assume far more than mine) at this particular point in time. Belive me I wish I was in your position to be able to buy and hold and relax. I, unfortunately, need a little more gain to get there. Not much I figure and I certainly don't want to put in the effort that day trading requires or risk trading the dividend as some choose to do but when an equity reaches what I feel is a peak on its share growth chart which drops its total yield on my invested capital, I don't mind selling and trying to either reposition or reinvest that capital. I could be wrong but I don't think this has a lot left in the tank and it is now yielding close to 4%. I may hang around for the Q1 ER and div payment and see what comes of it but I could sell it here and be happy with my gains too.
I look forward to the days when I can just buy and hold and relax like you.
GLTY and all.
SargeX wrote: As you know from the ENB board, my wife & I are long term buy & hold dividend income/growth investors so we don;t have to worry about stocks peaking and us trimming. We're keeping all of our utils - AQN, CPX, EMA, and FTS.
Having said that, I actually think that the utils still have more room to run. They got spamked a bit with the initial interest rate stuff and have been bouncing back. Also, many investors are piling into the safer dividend stocks.
As usual with today's market, this should be interesitng to watch,
Ciao
Sarge
Quintessential1 wrote: Yeah I am thinking the same thing. I am not sure it has peaked yet and I have a different stock for the funds but yeah, it is almost time.
Been a great ride though.
GLTA
Carbonbull wrote: Trough to peak plus dividend a 30 percent plus return in an utility ,,, selling my position will redeploy into SU , wait for a pullback to get repositioned. Might regret the move EMA superior downside protection hard to give up , greed wins out here , hope I dont regret the selling of a favorite stock.