Enbridge Inc T.ENB

Some thoughts

[SargeX]

I was thinking it might be worth sharing a few thoughts. I'm a 68 year old retiree without a pension so my wife & I live entirely off dividend income, my CPP, and our OAS. I've been retired for about 8.5 years and my wife was stay at home so minimal CPP.

I basically developed our investment strategy on my own and have learnt some good lessons. I like to think that I haven't made any "mistakes" but sure have had a quite a number of what I call prefer to call "learning lessons". 

I wish that there was more internet info and forums back when I was figuring this out. I know you should always filter what people post so take this whichever way you want. It is not intended as advice but rather just a sharing of a few thoughts. As an aside, I quite enjoy Stockhouse and have enjoyed reading quite a few posters, have had some good laughs, and have actually gotten a few ideas from other posters that have worked out quite well. Of course, I did my own DD before making any moves.

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.

Anyway, there's my thoughts. Good luck with whatever strategy you use/decide on but I reallty think the key thng to do is to have a strategy that you stick with and tweak as needed.

Good luck to all
  Sarge

[Marner16]

Sarge: Thumbs up for an excellent post.  Thanks for sharing your ideas and learning experiences.

[Bubba359]

What's the joke , Maner , a thumbs up to one of the cabal you mentioned , Leo , Sarge , Quinn , Fiddy , Back door Bozo. Unfathomable , is this your forgive and forget moment , for one of the censorship boys who believe they have the right on what you can or can't read , and who is deserving of been allowed to post. If that last post was real , then that is the joke of the year, I still see

[Joe455]

Put your dress back on Trevor. Marner is expecting to be serviced by Molly.

[SusanBolland]

Trust me, no one cares about your alternative lifestyle Trevor Plows....  Please stick to posts about ENB .... if you need to talk about your "issues" there is always Dr. Phil or Oprah.... Thanks

[Jtpatrol1]

[Lisagerrard17]

[GassXX]

  thanks for sharing Trevor "Bubba" Plows

[Larrymartin77]

[Bubba359]

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[Joe455]

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[Scarlada1]

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[Lisagerrard17]

[CanSiamCyp]

Thanks for sharing Sarge! As you are aware, our portfolio has evolved into something quite complex with a mix of 30 Preferred Shares (about 40% of AUM), 14 Common Shares (about 20%), 12 REITs (about 15%) and 4 Private Equity Funds (about 25%). I anticipate a large chunk of our Preferred Share Portfolio will be redeemed in 2022 and beyond, and am pondering what to buy as replacement(s). All buys

[SargeX]

Hey CSC Nice to hear from you. I do agree that you have quite a complicated portfolio but it sure seems to be working well for you and it sure generates a lot of income. We initially got into FIE becaue of the high yield and because it had a few different things like CPD and XCB and also had a lot of financials. I also found it intriguing that they use some extra leverage to bump up the yield. I

[Karren411]

awesome, thanks

[SusanBolland]

great post

[Larrymartin77]

well said

[SusanBolland]

well said

[SusanBolland]

Thumbs up Sarge

[Karren411]

[Karren411]

Great post Sarge, thanks again

[Scarlada1]

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[GassXX]

[DeanEdmonton]

Excellent advice for someone that wants to manage their own investments and needs a simple,, low risk, high producing portfolio.

[GassXX]

[SargeX]

Hey Dean Thanks on the comment. You hit the nail on the head with being "simple, low risk, and high producing". When the dust settles, it really looks a lot like the good old "widows & orphans" portfoilio.   :-) Take her easy   Sarge

[Jtpatrol1]

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[Larrymartin77]

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[Ghost73patrol]

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[ol_griz]

Great 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

[SargeX]

Hey Griz Always nice to hear from you and you are definitely in my Stockhouse group of posters I really enjoy reading (along with DeanEdmonton, CSC, Maypeters, WalterWhy, Leo, etc to name a few). It sure makes SH enjoyable for me. That is really wild on LBS. What a yield and it sure seems to be holding its price. At one point I looked into the split corp stuff and found it too complicated to

[SusanBolland]

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[HubbaBubba]

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[Larrymartin77]

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[DannyI7]

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[ol_griz]

:Yes, indeed, Dannyl7.  SargeX looking pretty wise in this old post.  CPX has been a winner but his thoughts on SPB  and especially AQN right on the money. Cheers to you both!

[Gassxxx]

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[JTPatrol]

well said

[SusanBolland]

[/quote]great post

[SusanBolland]

[/quote]great post

[SusanBolland]

[/quote]awesome post

[GassXX]

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[Karren411]

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[Karren411]

[/quote] Sarge makes some great points, thats for sure

[Jtpatrol1]

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[Larrymartin77]

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[SusanBolland]

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[Mirko22]

[/quote] Check my post on SBC. I also own shares at LBS. My ACB is 8.80 and after ACB adjustmetn it would be 7. Nice capitla gain and montly distribution of .10.

[Karren411]

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[SusanBolland]

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[silkos]

Thanks for sharing, SargeX. Great info for sure. Out of couriosity is there any reason you don't invest in US stocks?

[SargeX]

Hey Silk That's a great question on the US and I should probably have mentioend my logic. The main reasons are the Cdn dividend tax credit, the yields generally being higher for Cdn stocks, and the US market being too big for me to try and follow. There's also a nice comfort level in what we own and how focused it is. We are dividend income/growth investors and the Cdn market seems

[Karren411]

great post, thanks

[Lisagerrard17]

Great post

[Karren411]

great points

[Karren411]

[Jtpatrol1]

[SusanBolland]

[Karren411]

[Defiance2050]

Some good thoughts that people have added. As someone who is significantly younger (will hopefully become more conservative + passive overtime) it is helpful seeing others opinions  I understand the defensive nature and dividend focus but what about those that have lower dividends, use NCIB and invest or acquire more CP, CNR, ATD-B, Dollarama, BAM-A, WCN. 

[SargeX]

Hey Def Another great question on the lower yielders. Coincidentally, I had just been giving some thought to possible future alternatives for our extra dividend cash. I have decided that our 17 stocks now have a big enough book value that I don;t want to add any more to them. I had actually been making a list that had CNR, BAM, and WCN on it for individual stocks and had also been considering

[Defiance2050]

Thanks Sarge glad you were able to do well. You seem to be disciplined to your investment strategy. Hope things stay good and that everyone makes money. 

[Jtpatrol1]

[Jtpatrol1]

[Red_Deer]

Hey SARGE__I am 5 Years Older__But SHARE tlhe SAME 3 With You. Only difference is that I Will NEVER GET OAS__Too Much DIVIDENDS Each Year And I DEFINITELY Do NOT MANAGE my PortFolio the WAY YOU Have Been Doing__LOL!!!! You say you have NO PENSION__as I Do__I had tlhought that You WERE Ex-Military from your SH USER AVATAR__ So NOW Curious as to HOW it is you have NO PENSION ???

[SuperDude2]

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[SusanBolland]

  Trust me , no one cares about your alternative lifestyle there Trevor Plows..  Please keep your posts about ENB... Thanks

[bubbamoe42]

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[NurseRatched]

Oh my dear Trevor, please stop obsessing about Sarge. I love you just the way you are and i really don't care if you don't measure up.

[GassXX]

Trevor is really one creepy crossdresser, thats for sure

[SuperDude2]

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[GassXX]

  Trust me , no one cares about your issues there Trevor... oh I mean Super-dud

[GassXX]

  what an ultimate loser this Trevor Plows donkey is, his/her parents must be proud.

[Jtpatrol1]

[Jtpatrol1]

No one cares Trevor,  Please stick to posts about ENB

[GassXX]

Not to late to buy into ENB !!

[Jtpatrol1]

[Larrymartin77]

[SusanBolland]

[SusanBolland]

[Lisagerrard17]

  Your parents must be real proud of you there Trevor Plows...  Please stick to posts about ENB, or at least troll somewhere else...  no one cares about all your "issues" ... Thanks

[Larrymartin77]

[Jtpatrol1]

[Jtpatrol1]

  Please stick to posts about ENB,  Trust me, no one cares about your alternative lifestyle there Trevor Plows

[Jtpatrol1]

[Lisagerrard17]

[ckwong]

Sarge, your strategy works well and I looked at the dividend for the banks and FTS. Their yield against the current dividend is 10 time 10 years earlier. If you consider mutual fund, you may want to look into some dividend/income fund. But becareful with their performance number. For example Royal Bank's dividend/income function (RBF1014) claims their 10 years performance is about 9

[Lisagerrard17]

great post

[TickerTwit]

The dividend funds reap (typically) 25-50% of the income in management fees. You don't get the dividends in full unless you self-manage. Read the funds' holdings, duplicate them (or perhaps the top ten) in a self-directed account, and then you get the capital appreciation -AND- the dividends without a huge rake by the fund manager. .

[NPCexe]

Yep, spot on. Always keep an eye on the MER to see how much they gouge you. Easier method is what ticker mentioned.

[ckwong]

Dean, NPC and Ticker, thank you for the insightful comments regarding mutual fund's MER. Your comments are valuable and usually not aware by small investors. I think there is a legal limit for the MER which is less than 5% however sponsors have many creative ways to charge all different expenses to eat up most of the profit. I only aware one mutual fund that will not charge any MER unless the

[SusanBolland]

great post, thanks Sarge

[Lisagerrard17]

[Lisagerrard17]

[DrSamantha]

[yureja44]

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