RE:RE:RE:RE:Some thoughts:Yes, indeed, Dannyl7. SargeX looking pretty wise in this old post. CPX has been a winner but his thoughts on SPB and especially AQN right on the money.
Cheers to you both!
DannyI7 wrote: SargeX wrote: Hey Griz
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.