RE:RE:RE:RE:RE:RE:RE:This is what happensHey BSD
All is terrific out this way. Life is treating us really well in all aspects. I've now been retried for 11.5 years and have enjoyed everything about it. The family is doing really well and our 5 grandkids are a total blast and a ton of fun. We had another fantastic set of 3 week spring (Montana and Wyoling) and fall (Washington, Oregon, N Californa) camping/hiking trips, as well as a few local camping trips.
On the investment front, we've been setting a number of all time highs lately (including yesterday) which is even more impressive with having withdrawn almost $150k since the last set of highs. The old divy stocks (other than BCE & T) have sure been on an amazing run since April.
That's quite interesting that you mention EMA in your "avoid stock list". Of the 12 stocks we own (BCE,BMO,BNS,CPX,EMA,ENB,KEY,PPL,RY,T,TD,TRP), I actually think it is my #1 buy pick at this point. Since Sept, we've added 865 shares at an average buy price of $51.69 (~$45k). My calcs have EMA;s 2024 payout ratio at 102% but dropping to 92% for 2025 so I've more than fine with the financial side. Not that it matters, but I expect the share price to get over $57 sometime in 2025.
We've been trimming RY lately with its huge runup (a doubler for us) and smaller yield, and in addition to EMA, we've bought some ENB, TRP, and T. with the proceeds. I have one more RY sell order which will all go to TD.
Also, iIn the new year, (with some existing cash and our $14k TFSA contributions), we plan on adding to 3 of BCE, T, ENB, TRP., TD.
I never worry about a market correction and we just continue to buy whatever looks good when our extra dividend cash accumulates in each account.
Take care
Sarge
BSdetector2016 wrote: Hi Sarge,
I'm doing well and yourself? The market is sure a strange place these days. Mirko Bibic sure did a number on BCE. I thought that I was smart by buying the “bottom” but no, he goes and blows the funds from selling the loser entertainment segment on a US-based telecom, and drops the SP another $10. Bibic, like Trudeau, has no concept of the toxicity of debt. The next shoe to drop will be a dividend cut. I'll wait out Telus; at least they are entertainment-free.
Covid was hard on everything but at least I got into some great stocks at the right time. CPX and KEY were a couple of them along with select SplitCos.
The avoid stock list is getting to be a long one: AQN, BCE, EMA, anything renewable etc. The great dividend stocks of yore have been reduced in number. I loaded up on TD when it was forced to put on a dunce cap, and am prepared to wait that one out while collecting a decent dividend.
I held off touching CPX for a long time but today the technicals forced me to do something. RSI of 84 is totally unsustainable. It will be on my buy back list if it falls hard.
I think that we are headed for a major correction after the holidays/Santa rally, around the time Trump gets sworn-in. We are 13 months into the current market inflection; it can't last and will correct at some point. Cash is therefore required to take advantage of that correction once the dust has settled.
Cheers,
BSD SargeX wrote: Hey BSD
How she go? Lots of wild action both ways these days with BCE & T being in the dumpster, AQN acting badly as usual, and CPX and the midstreams going crazy.
We picked up CPX starting at $29.07 with the dough from dumping ALA. It's now our largest holding and as of yesterday is 12.23% of our entire portfolios. I always knew they were a good company (once they starting moving out of coal) and ttheir US gas purchases last year was a beauty move. Certainyly agree that this doesn't justify the current price run. Seems like something is going on so it will be interesitng to see what shakes out.
We'll just continue to hold but I certainly see the logic behind a 1/3 trim. Enjoy those huge profits.
Take her easy
Sarge
BSdetector2016 wrote: I did today by a third. My Covid ACB was $28...
Yanner911 wrote: So what is the plan? I'm up 72%. Since it hit 50$ o want to trim.