RE:Take profit? Or hold..Well, it largely depends on what alternative you are thinking about and why. The yield on cost is irrelevant at this stage (although impressive!). I bought in at an average of $18, starting around $13 - I was buying for capital appreciation and the yield, and soon it will be just a yield play for me - and that's fine as I am primarily an income investor. I don't see anything remotely comparable in terms of size and safety of yield than the likes of Enbridge, Keyera and Pembina. And I don't see much in the way of downsides for any of them. I can see $50 for ENB, $40 for PPL and $30 for KEY. As the SPs go up I am trimming to avoid being too overweight in my portfolio, but all 3 will remain absolutely core.
Personally, I am starting to get back into the beaten-down REITS - HR and Riocan being the 2 major ones. If they can get to around NAV in the next 12 months, that will be a very good return and 4-5% divi while I am waiting.
Definitely still some mileage in the Financial stocks, but I find it quite difficult to find really compelling individual candidates at these prices, so I have been buying more of my go-to ETFs like XDV and XEI.
Cheadle12 wrote: 7+% yield still (I'm locked in at 15% on my original capital invested as I bought around $12-$14 per share.
Not sure if I hold and collect the monthly div, or take my profits and move into a name that has higher upside/more catalysts..
Thoughts here team?