Q: I am back to even on the above. Should I bail?
What would be you number one switch?
Q: Good morning!
As a dividend investor, I am noting that BNS now pays 1.25% higher dividend than EIF. I hold full positions in each. I am considering selling EIF and doubling down on BNS. I see BNS as having - as well as a higher dividend - an upside in the order of 50% when the economy stabilzes and perhaps the Ukraine war is over. I do see growth from EIF, but think that in a 2 to 5 year window EIF might see steady growth with perhaps a maximum of 25% upside, seemingly less than the bank. What do you think of this reasoning, and are there any reasons why this might not be a good idea? This swap would be in registered accounts (50% TFSA and 50% RIF), so there are no immediate tax implications.
Thanks! ... Paul K
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Johnson & Johnson (JNJ)
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Bank of Nova Scotia (The) (BNS)
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Bank of Montreal (BMO)
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BCE Inc. (BCE)
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Enbridge Inc. (ENB)
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Manulife Financial Corporation (MFC)
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Canadian Imperial Bank Of Commerce (CM)
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TC Energy Corporation (TRP)
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Intact Financial Corporation (IFC)
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Canadian Tire Corporation Limited Class A Non-Voting Shares (CTC.A)
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Enbridge Income Fund Holdings Inc. (ENF)
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Granite Real Estate Investment Trust (GRT.UN)
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goeasy Ltd. (GSY)
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Brookfield Infrastructure Partners L.P. (BIP.UN)
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Exchange Income Corporation (EIF)
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iShares Expanded Tech Sector ETF (IGM)
Q: I have owned these stocks in my non-registered account for 12 years except ETF IGM, T, CTC.A (bought 2 yr ago - up a fair bit). T bought 5 years or so ago. GSY, MFC & GRT.UN a year ago - all 3 up nicely. I buy dividend growers for the most part. I have been retired for quite a while - so, more interested in dividend growth. Large portfolio with banks 40% of total. Do not worry about market downturns: add to positions when they go on sale -08/09 and 2020. Sitting on cash and looking to add to these positions . Do not own ENF.CA - typo. Suggestions?? IFC 5-6 years up 220% including dividends.
Read Answer Asked by James on March 10, 2023