RE:RE:Some thoughtsHey Griz
Always nice to hear from you and you are definitely in my Stockhouse group of posters I really enjoy reading (along with DeanEdmonton, CSC, Maypeters, WalterWhy, Leo, etc to name a few). It sure makes SH enjoyable for me.
That is really wild on LBS. What a yield and it sure seems to be holding its price. At one point I looked into the split corp stuff and found it too complicated to understand. One of the lessons I learnt along the way was if something looks too good to be true, then it probably is. I decided to stick with stuff I can easily inderstand.
WRT you recommendations for your kids, I obviously think that;s a most wonderful list as we own all other than SPB. I would still prefer EMA and FTS over AQN and CPX. AQN used to be a fav but I'm really suspicious of the new CEO and hate the Kentucky Power take-over and how they've been heaping on the debt.
Take her easy
Sarge
ol_griz wrote: Great post, SargeX. Like another poster, I wanted to get your thoughts on RoC funds. I also own FIE and wanted particularly to mention LBS, which pays out $1.20 and currently sits at $10 ( I buy in when NAV drops close to the threshold of payment suspension, so my acb runs between 6.50 and 8.50, depending on which account I'm working in).
You own the banks straight up, but I am clearing a whopping 15% with an SP higher than my purchase price, which has allowed me to purchase a lot more stock with that cash. What are your thoughts on these funds and why do you prefer the banks?
Like you I'm 68 and helping the kids with their investments. Right now I am steering them towards high div co.'s like ENB, GRT, TRP, AQN, CPX and SPB.
Cheers, keep up the good work.
quote=SargeX]
As just mentioned in my last post, here's the main part of our portfolio (we also hold a medium position in ETFs FIE and ZWB):
Banks - BMO,BNS,RY,TD
Midstream: ENB,KEY.PPL.TRP
Utils: AQN,CPX,EMA,FTS
Telcos: BCE.T
REITs: DIR.UN,GRT.UN,NWH.UN
Of these, I think all 4 midstreamers and CPX are great buys for shorter term capital appreciation. For long term buy & hold, I like RY, TD, ENB, TRP, EMA, FTS, and BCE.
My wife & I have been setting aside some dough for our 5 grandkids and I've been managing that as well. I've found this required quite a different approach as it's only $2.5k per kid per year and the oldest grandchild is 12 so some of it is a little shorter timeframe than I'm used to.
What I've decided is that if an investor has < $200k, they are probably best off just buying a couple ETFs. I like VDY and ZWB and if in the accumulation phase, VEQT,
For a portfolio of 200-900k, I'd probably go with 9 or so evenly distributed stocks that I call the wide moaters - BNS,RY,TD, ENB,TRP, BCE,T, EMA,FTS. For a > 900k portfolio, I'd keep all the wide moaters and add accordingly.
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