RE:RE:RE:RE:Need to Quit Worrying About Short Term SwingsHey Ariahp
First off, congrats are being so well-off and being able to retire early. Just your PPL is a lot of scratch so throwing in the others means quite the big portfolio.
Our portfolio is a decent size but smaller than yours. We've experienced some significant swings but have never ever worried about them for even a second. Back in the throws of the Mar 2020 crash, we were actually down $317.5k in a single day.
We are a little more diversified than you but still quite focused. We own a full position in 16 TSX stocks in 5 sectors:
- banks - RY,TD,BMO,BNS (+ mid-sized position in ZWB for the extra income)
- utils - CPX,EMA,FTS, AQN
- midstream - PPL, KEY,TRP,ENB
- telcos - BCE,T
- REITs, NWH.UN, DIR.UN
We don't ever plan on selling anything so never have to worry about stock prices. We just collect our divys and keep on chugging. This means we actually don't need to have the "
strength and fortitude to hang in there in the rough seas" as we never actually think there are rough seas. Just some short term ups & downs. :-)
Ciao
Sarge
Ariahp wrote: Sarg
I converted all of my IPL shares into PPL. That resulted in me holding a lot of shares in PPL.
I have really enjoyed owning them. Although I track them DAily, I know deep down, that they will bounce back admirably. The divi alone from PPL has made life a lot easier in my early retirement.
I also own KEY, ENB, SU, IGM and BCE all great dividend paying stocks.. In MArch 2020 my entire portfolio was down 65%. Today it is up 27%. So I have the strength and fortitude to hang in there in the rough seas.........because of the dividends.
GLTA