SargeX wrote: Hey Walt
You're welcome. I always find it really interesting to see what people hold and their theories and investing style. Very interesting on what you've held earlier in the year and your trimming/selling. Definitely some major overlap in our portfolios.
Over the years, I've found that picking what I think are good dividend paying companies and then just buying & holding works best for me, especially in retirement. I only sell if something major happens and even then, not necessarily (case in point, ALA, which I've held since Aug, 2010).
Anyway, I like your stock selection and think it's definitely reasonable to have sold what you did, especially if you are still in the accumulation phase where it's all about total returns. For my wife & I in retirement, it's all about steady income.
This leads me to comment on Katt's weed comment. If you look at our holdings, you'll see almost everything is in 5 sectors - banks, utilities, midstream, telecom, and REITs. No consumer, oil & gas producers, commodities, tech, weed, regular bonds, etc. It's definitely not for everyone but it's a heck of a portfolio for retirement and really works for us.
Ciao
Sarge
WalterWhy wrote: Many thanks, Sarge. We've got some decent overlap in our portfolios.
ENB is currently about 12% of my portfolio, but at some point I"m hoping to get that down to about 5-6%.
I only recently started a position in BPY.UN, but sold CU (at $46), Emera (at $49), FTS (at $47) and NPI (at $26) when they ran up in the spring (which I immediately regretted, and have been looking to get back in since). I'm very light on Canadian financials and REITs, so will check out the names in your list. I've been looking at picking up FIE, but hold a pref share ETF that has been absolutely decimated in the last year.
Thanks again, WW.