Enbridge Inc T.ENB.PR.N

Been a great investment

[investornot]

I have owned shares in ENB or any one of several of it's acquired assets for years. I have always done well simply by realizing that when it fell in price at a given point it was worth buying and when it reached and stalled at or near new highs it was also worth selling. That has worked well for me for what I believe is over 20 years. 

Last time I sold ENB it was trading over $59. Last purchase made was at $38. In between I have enjoyed the high returns from the dividends. It is an investment that keeps on giving! 

That being said I plan on selling all my remaining shares in the very near future. Not out of any gloom and doom prediction, but after the next dividend (possibly before) I am putting a tidy nestegg to rest as I continue to support a happy and financially carefree retirement. I hope others out there find the same financial peace investing here. All the best... and Enbridge/Spectra/Duke/Westcoast & Union Gas... many many thanks!

[Quintessential1]

He shoots, he scores. Go Enbridge!  ;-)

[Dragon1]

A bit similar for me,I bought about 15 yrs ago but never sold,just kept buying on the dips.The annual div increase has been formidable and the sp just keeps trending upwards. I have done perhaps to much speculating in pot and mining but ENB,BCE,,Nat BK,and Couche-Tard have contributed to sustained growth all these yrs. I will hold ENB for quite a while yet.

[NissimLevy]

Why not keep your shares and live off the dividends? Once you sell Enbridge, are you going to keep the money in your savings account earning next to nothing?

[silkos]

What's a decent monthly income in retirement? Let's say 5k monthly? You need ~72300 shares (3.8 mill CAD) to generate ~ 5K monthly (taxable).  What would you rather have? 3.8M in the bank or 5k per month? Not sure who around here has that kind of holdings though. If you do, good for you!

[prabhatmalik]

Your calculations are wron. 72000 shares wil generate $241481 dividend and in canada you get 40% dividend tax credit.

[silkos]

Not sure if you are correct. But my calculations are wrong. I will have to redo and post here when I get the chance. Leaving my wrong calculations to the side, the point I was trying to make is that is nothing wrong with exiting any stock and taking profits.

[silkos]

Correction you would need 17964 ENB shares ~ under one mill CAD to make 60k per year (taxable).  We all have our own plans for the future and I am personally happy for each and every one of my fellow investors that made good witht their ENB investment. Whatever your plans are, if you decide or not to stay invested in ENB, ENB will do great for many many years.

[investornot]

NissimLevy... A very reasonable strategy and one I have seriously considered. What can be gained in dividends can be offset by fluxuations in share price though. If Enbridge was trading @ $40 right now I honestly wouldn't consider selling, but it is at a good profit point and our household's other retirement investments (that I don't have the worries to manage) have been performing

[SargeX]

Hey Invest Congrats on doing so well with ENB. I sure find it interesting on all the different investment strategies. I much prefer to just buy & hold good dividend income/growth TSX listed stocks. Trying to time the market is way too much work for me and I suspect I would get it wrong more than I got it right. As an example. I've been expecting a significant correction for over a year

[Scarlada1]

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[Quintessential1]

There are some good investng ideas here and everyone has to choose which is right for them and what kind of investor they would like to be. Obviously entering and exiting positions requires more attention and may not be the way some would like to spend their retirement time.  However some may find monitoring the fluctuations of the market not as time consuming as others and maybe even

[SargeX]

Very nice summary and excellent points. Interesitng on the $1M all in ENB. I would find that a little too risky to have all my eggs in one basket and would prefer to spread it around. I actually think we have a really "focused" portfolio with all our only 19 holdings being TSX listed stocks/ETFs limited to 5 sectors. We have 16 main holdings (all stocks) and 3 mid-sized, 2 of which are

[prabhatmalik]

I think investing in Enb is not at all risky if you are going to live off dividends. If you have 75000 share dividend would be about $220000 a year and always increasing each year plus you get dividend tax credit in Canada. No matter where price goes your dividend is safe worst times has shown they never cut the dividend. Relax and enjoy hefty dividends  Have a nice weekend.

[Quintessential1]

$250.5k   Now all we have to do is come up with the 3+ million to buy the shares outside of our RRSPs and we're golden.  Good plan. Go Enbridge! ;-)  

[Red_Deer]

Hey SARGEX__Wanna Have a HUGE LAUGH eh !!!!!!!!!  ????? FROM Your THUMB UPs """FAN CLUB:""" And I DO KNOW That YOU DO NOT HAVE Any TransAlta__as I Did ENCOURAGE You to Consider eh !!! TRANSALTA CORPORATION > Huge thanks to Sarge New Post « Older Post   Newer Post 

[Karren411]

[SusanBolland]

[Karren411]

[SusanBolland]

[SusanBolland]

[SusanBolland]

[SusanBolland]

[Larrymartin77]

[SusanBolland]

[Scarlada1]

This post has been removed in accordance with Community Policy

[ckwong]

I like Sarge's plan because a few years down, I don't think I would have the investment intelligent and energy to continue buy/sell. Just add to Silko's comment, if you only have C$60K income from qualified Canadian dividend, you will pay very very little tax because of the dividend tax credit. You could find more from the E&Y web site here: https://www.eytaxcalculators.com/en

[Scarlada1]

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[Larrymartin77]

Great points

[Jtpatrol1]

[Jtpatrol1]

[SusanBolland]

Thank you for your posts

[Lisagerrard17]

[GassXX]

well said !!

[Lisagerrard17]

[Scarlada1]

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[Lisagerrard17]

[ace1mccoy]

It's been a core holding in the portfolio for years. One of several wealth creators that should be a core holding in everyone's portfolio. Glta.

[Scarlada1]

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[Larrymartin77]

Have to give this one a thumbs up

[Karren411]

So true, I bought ENB years ago with the intention of putting it in a drawer and just collecting the dividends forever.

[GassXX]

[Jtpatrol1]

[Karren411]

[Karren411]

great info and great post, thumbs up

[Larrymartin77]

[SusanBolland]

good points, love the dividends, thats for sure

[SusanBolland]

thanks for the post, cheers

[Lisagerrard17]

thanks for your post !!!

[Jtpatrol1]

[Scarlada1]

This post has been removed in accordance with Community Policy

[Scarlada1]

This post has been removed in accordance with Community Policy

[Karren411]

Thanks for the post

[SusanBolland]

well said

[Scarlada1]

This post has been removed in accordance with Community Policy

[SusanBolland]

[Karren411]

[SusanBolland]

[GassXX]

[Larrymartin77]

[pantonorr]

This post has been removed in accordance with Community Policy

[Jtpatrol1]

[Janedoodle]

[Red_Deer]

Hey DREAM4U__This IS ANOTHER EXCELLENT EXAMPLE of THE ONE CRAZED TROLL at WORK eh !!!!!!! https://stockhouse.com/companies/bullboard?symbol=enb&threadid=34007850 MANY MORE to COME