RE:The problem with "weightings"Obscure.....thanks.....I got some at various prices between 12.40 and 12,42
In terms of your past decisions, looking in the rear view mirror provides 20/20 vision. At any point in time all you can do is make the best decision you can with the information available at that time.
Tough to resist buying at such a discount to NAV.
IMO.....going forward depends a lot on what the overall market does especially after the US election. At some point the market has to worry about the mounting US debt but so far has shrugged it off and is feasting on the stimulus spending.
In terms of ENS, my thinking is that buying at a discount provides some downside protection. In terms of ENB, in a declining interest rate world and solid earnings going forward, in the absence of an overall market meltdown, it is hard to imagine that the SP of ENB won't go up over the next year providing at least high teens return for ENS.
That said, my overall market position/asset allocation remains cautious but that hasn't stopped me from getting some decent low risk returns. For example my ENB preferreds that I bought about a year ago have provided low 20s total return at basically zero risk.