Post by
Jeremy4 on Nov 07, 2023 1:37pm
First investment
New to Stockhouse and brand new to investing. I am only a young dude at 30 and my wife and l focused on buying a piece of land and building a small home for ourselves. Thankfully our mortgage not that huge as we did alot of work ourselves was renewed for a 5 year term at 2.75% 2 years ago. W e felt that now was the time to enter the market and after alot of study decided on UMAX and invested our first $10000 .We felt that the exposure to generation . Transportation and Telecoms was the right place to be to begin. Since these stocks are very interest sensitive and l saw on BNN that the BOC is looking at cutting in April 2024 . It should be a great entry point.And to cap it off . We get our first dividend payment in a few days.. We are looking forward to putting more to work and are looking at adding or buying an Energy ETF. Reading some previous posts it seems ENCC would be a good contender.??
Comment by
ANALOG GUY on Dec 18, 2023 12:41pm
Yup, ENCC is an awesome energy ETF 100% Canadian companies with "tax credit eligibie" dividends if you are looking for tax efficient monthly income you could do a lot worse than Umax and Encc and yes, as rates fall Utilities will definitely benefit welcome to stockhouse and investing
Comment by
ANALOG GUY on Dec 20, 2023 5:40pm
Dec divi .172 Xdivi Dec 28 paid Jan 9