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  5. BCE: ALREADY HAVE A 5 PERCENT HOLDING IN TELUS AND AM THINKING OF ADDING BCE TO THE SAME POSITION. [BCE Inc.]
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Q: ALREADY HAVE A 5 PERCENT HOLDING IN TELUS AND AM THINKING OF ADDING BCE TO THE SAME POSITION. IS THIS TO MUCH IN A 68 YEAR OLD RETIREES PORTFOLIO? MY THINKING IS REDUCING RISK IN CASE OF A SIZEABLE CORRECTION AS THE GAINS HAVE BEEN ADDING UP. IF YOU HAVE A COUPLE OF BETTER INCOME IDEAS IDEAS THAT WOULD BE APRRECIATED. THANKYOU

Asked by John on February 12, 2021
5i Research Answer:

We can't get into personal weightings but we would be very comfortable with BCE. While not risk-free, we would consider it certainly one of the safest blue chip stocks around right now. For a conservative investor we would be OK with 10% telecom/communications. We would consider AQN and SLF as well along the conservative side of things.