RE:RE:RE:RE:RE:RE:Where to?Got burned too with oil producers with my VET investment. Usually I tend to average down, I am so happy I didn't with VET. I would have invested and lost a lot of capital and opportunities. Managed to balance nicely in the end getting into CPG luckily when it hit bottom.
Since I didn't have to sell VET at the time ... I didn't. Stil own it. No regrets, it's all good, as long as the rest of capital is recycled and the ball is rolling. The longer you are in the market, the more disciplined you become. I think discipline is key. As well as a balanced portfolio. Yet, if the marker crashes, no one is safe unless you're fully hedged.
Throwing a question out there: Is anyone fully hedged?
Back to our exchange >> Had a position in DIR, I got out only to pursue other opportunities I found more feasable. I like too many things about WIR.UN - have an active order today not sure if it will get filled though. The own newer warehouses prime for ecommerce and cashed in over 99% rent during the pandemic while they're posed for more rewards from management dues. Anyway, you can't go wrong with any REIT that has industrial properties especially in the GTA. Price of land is at $1 mil / acre for commercial industrial sector in the GTA.
I think it's a mistake to avoid investing in US. I know about the tax and fees and certain inconveniences. You may want to keep an eye on their banks + invesment banks. Also, MA is poised for extraordinary growth once borders re-open.
Since I live in Niagara region, I will also share with you what a hotel owner told me in private: Don't be a fool and listen to me >> Buy Marriott now! (that was 3 m ago)
I also have a small position that I play for short time trading ... going for dips for quick returns. This is a recent thing, and I find it very useful in recognizing new opportunities. It also keep my mind sharp. That together with my kids :)
Since last year I have alocated some funds to invest in companies that may score big in the future. None of these companies proved so far that they can become more, however I won't know more until Q4 reporting in 2022.
SargeX wrote: Hey Silk
Thanks for the interesting reply. I misunderstood the question. As far as indices go, I have no opinion and actually don't really care. The only thing that matters for us is dividend income and avoiding dividend cuts.
WRT other stuff - we own a full book position of both BCE & T. I used to like BCE more but have recently flipped to likingT more. As you mentioned, some of their "side" businesses like health care, Telus international ,etc seem like a good plan especially compared to having media.
We got torched on oil & gas producers in 2013-2015 and decided to nevr buy them again for the long term.
We only have 4 REITs now and 2 of them are industrial - GRT & DIR and I actually like them more than WIR or SMU.
We only own TSX listed so don't follow or care about US stocks.
There's no doubt that we are missing out on extra profits by having such a limited investment world but I don't care at all. We just want enough dividend income to live off and want to ahve a totally stress free portfolio.
One of the things I absolutely wanted to avoid was watching stock prices on a day to day basis and turning into a "Fiddiot" :-)
Take her easy
Sarge
silkos wrote: Thanks for sharing Sarge.
My question was more about the major indexes where they go from here and how much higher they would/could go until a correction.
ENB will should get close to $50 for sure after MI steps back re L5. There is a initiative to add an extra tax on oil sands in the US to deal with eventual splillings ... not sure how that will affect the industry as a whole. It seems that the oil industry is / will be targeted under Biden and we don't know what's next in the cards. The unknown is scary.
Canadian utilities are super safe. IMO each portfolio should have utilities as they offer steady appreciation and dividend growth. Even better if they offer DRIP.
Telcos .. never got into them ... everybody is praising BCE, I tend to like Telus more. Do you own telcos in the US too? I don't own Telus ... I am a big fan though due to their health service.
I have been in and out of REITs. Own WIR.UN only now.
Energy stocks ... This is the subjet line of today's email from MotleyFool "Buy Energy". Money moves back into value stocks, following energy and financial sectors.
About renewales, I recall the hype around Biden's presidency. At the time I was concerned as I didn't quite get the valuation and the oil / energy sectors were struggling. Dang it the green tickers were smashing record after record, I felt like I was missing the train. "GREEN is good and OIL is bad" they said. Having a core position in oil / energy, I figured I should be looking into hedging against oil by investing in green / renewables. Lucky I didn't - There was only one Canadian ETF focused on renewables >> HCLN that was initiated at the time and I have been monitoring since. Here we are, a couple months later, the renewable ETF is down 20% while oil / energy is where it is.
I think US banks are gonna outperform huge. Same for MS / GS that love trading.
Question remains: How does one determine the next leg, the next high / tip before a correction occurs?
SargeX wrote: My wife & I have a very small investing universe - TSX listed dividend income/growth stocks in 5 sectors - banks, utilities, midstream, telcos, and REITs. I think there is still quite a bit of room to run for the banks and midstream. The banks are going to ahve a pretty big bump for their divys once they get the green light to raise again. Also, the higher bond yields are going to be a tailwind.
I also think the utilities have pretty much had their correction and will stay flat for a while. I still think the pure renewables have a bit more downside (which is why we sold all our BEP.UN and 60% of our NPI a while back).
On the ENB front,as mentioned earlier, I'm sticking to my $50 by end of May prediction that I made a couple months ago. I'm not guaranteeing it will stay there but I think it will hit it along the way.
Ciao
Sarge
silkos wrote: Bump for Sarge and all.
So new records for major indexes DOW, SP500. Nasdaq within 6% of max afer Monday correction. Markets adjusting and slowly pushing higher. Until when? What's the next stop?
silkos wrote: Just wanted to bump this to the top. Anyone?
silkos wrote: So the market has been moving up quite nicely from the recent deep. New highs today in financial / banking sector. Major recovery in all tickers I follow.
Question is how do we prepare for next downturn? What signs should we look at? We know is just a matter of time until inflationary winds kick in.