RE:RE:RE:RE:RE:Note: X date TODAYHey Sarge,,
While I hope $35 isn't in the cards, I've been holding ENB since it was in the mid-50s and sat in on the ride last December into the high 30s and kept adding to the position--I generally layer in and layer out.
I've been slow trading the single-name dividend payers for various ETFs, but I'm not sure it works out any better than holding a bunch of dividend stocks. Don't worry, I'm not despondent or anything, was just hoping to get more cushion and beer money for retirement. I take your point that it's probably better not to check in on the portfolio too often and to just let things play out (I'm only recently semi-retired, so I find I have to fight the urge to check and just go live life).
Thanks again,
WW.
SargeX wrote: Hey Walter
If you're fretting about this little bit of volatility now, then maybe you're not suited to being invested in individual companies. What's happening now is absolutely peanuts. What are you going to do when ENB goes down 20% to around $35 or whatever. It could very easily happen in the next year or two.
I sort of regret giving you my stock list as you don't seem to have the needed temperment. Maybe you should just stick with ETFs or maybe GICs if you can't handle any volatility.
CIao
Sarge
WalterWhy wrote: Thanks, Fiddy. I know the day-to-day price fluctuations shouldn't bother me, but my portfolio sends alerts and it bugs me that this stock takes two steps back for every step forward. When I bought it, it was already in the "bargain bin", and everyone said it was like a safe utility stock that should pay a stable dividend. I've been getting the dividend, but it has the volatility of a weed stock. At this point, I've got to hold, but I will reduce my pipeline exposure if the price ever comes back. Trudeau is no friend to Canadian business.
freedomfiddy wrote: WALTER - Don't Worry - Be Happy. Down 2 and 1/2 % today, back up 2 and 1/2 % tomorrow or next week. As long as the dividend continues to be paid, it's all good. And the band plays on.... Walter wrote "Huge drop today even with ex-DIV. Stock is at $44.24. Close yesterday was $45.58, which is a $1.24 (or 2.72% drop). Dividend was only $0.738"