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Enbridge Inc. (ENB $65.13)
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Fortis Inc. (FTS $69.11)
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iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $40.38)
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Vanguard U.S. Dividend Appreciation Index ETF (VGG $104.61)
Q: My 31-year-old daughter would like to build a portfolio of income-paying investments within her RRSP, LIRA, and TFSA accounts, with the intention of reinvesting dividends through a DRIP over the years. Which six Canadian dividend-paying stocks would you recommend for this goal or would it be more effective to use dividend-focused ETFs instead? The primary objective is to build a portfolio that generates reliable income. Thank you.
5i Research Answer:
We would suggest a combination of one or two ETFs, for diversification, and a mix of high...
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VGG.