RE:Some thoughtsGreat post, SargeX. Like another poster, I wanted to get your thoughts on RoC funds. I also own FIE and wanted particularly to mention LBS, which pays out $1.20 and currently sits at $10 ( I buy in when NAV drops close to the threshold of payment suspension, so my acb runs between 6.50 and 8.50, depending on which account I'm working in).
You own the banks straight up, but I am clearing a whopping 15% with an SP higher than my purchase price, which has allowed me to purchase a lot more stock with that cash. What are your thoughts on these funds and why do you prefer the banks?
Like you I'm 68 and helping the kids with their investments. Right now I am steering them towards high div co.'s like ENB, GRT, TRP, AQN, CPX and SPB.
Cheers, keep up the good work.
quote=SargeX]
As just mentioned in my last post, here's the main part of our portfolio (we also hold a medium position in ETFs FIE and ZWB):
Banks - BMO,BNS,RY,TD
Midstream: ENB,KEY.PPL.TRP
Utils: AQN,CPX,EMA,FTS
Telcos: BCE.T
REITs: DIR.UN,GRT.UN,NWH.UN
Of these, I think all 4 midstreamers and CPX are great buys for shorter term capital appreciation. For long term buy & hold, I like RY, TD, ENB, TRP, EMA, FTS, and BCE.
My wife & I have been setting aside some dough for our 5 grandkids and I've been managing that as well. I've found this required quite a different approach as it's only $2.5k per kid per year and the oldest grandchild is 12 so some of it is a little shorter timeframe than I'm used to.
What I've decided is that if an investor has < $200k, they are probably best off just buying a couple ETFs. I like VDY and ZWB and if in the accumulation phase, VEQT,
For a portfolio of 200-900k, I'd probably go with 9 or so evenly distributed stocks that I call the wide moaters - BNS,RY,TD, ENB,TRP, BCE,T, EMA,FTS. For a > 900k portfolio, I'd keep all the wide moaters and add accordingly.
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