RE:RE:RE:Where's Bottom ?freedomfiddy wrote: Hey Sarge, I noticed FIE's share price hadn't changed much. Not much growth in it unless you were lucky enough to get in at the start of the year. I have BMO and BNS also. I agree with you. Much more potential for growth in the actual banks stocks, even if their dividend is basically half of what FIE pays. SargeX Wrote "I think 46.50 is the bottom. I suspect it will be up a bit tomorrow and as I mentioned earlier, back up to 47.50 sometime before the end of the week. Not sure if it will stay there but am expecting some sort of bounce. I saw your interest in FIE. I hold 26 TSX dividend stocks and 2 ETFs, ZWB and FIE. I've held FIE since Mar, 2014 and there hasn;t been any price change in that time. I treat it like a fixed income alternative (as I don't have any bonds, preferreds, GICs, etc). If that's what you're looking for then it's fine. I also hold TD, RY, BMO, and BNS and I personally think holding the actual banks themselves would be better. Ciao Sarge"
I agree with all that you guys have said--I don't own any bank stocks, but use FIE for the combination of bank and preferred share exposure. I missed the boat on bank stocks and think they are fairly valued, so I chose FIE over buying shares in them. (Although, on days like today, I wish I did instead of overweighting ENB!) One thing to note though is that the distribution on FIE is mainly paid as ROC, so outside a registered account, it causes an adjustment to your cost base.