Give it too me straight, no need to be rude. Ok so I'm 24 years old, I have my TFSA almost maxed out and it's doing ok and this is one of my holdings.
I bought this because although they are taking on debt, I see it as something that's not going anywhere, pays a good dividend, and in the long term should do me well.
I own 172 shares at $45.56CAD, and I think I'll bring it up to a round 200 this week. It is set to DRIP.
Is this a dumb move? I know it's not "risk free" or anything, but I'm buying it for the long term to be reasonable stable growth through the share appreciation and dividend DRIP.
I am aware that you guys can only see what I see, but I thought I'd ask what your opinions are for someone in my position of being young and building a long term TFSA position.
Cheers for a polite response if you can give me one, and if not polite then please don't bother. You don't have to say it's the right move if you don't think it is, but please refrain from getting nasty no matter your position. Thank you.