Q: I currently own Gibson Energy in a locked in RRSP at an average price of $25.00.
My time frame is 10+ years to hold before I convert to a Life Income Fund (similar to a RRIF).
Is it better to:
1 - do nothing and collect the current yield (5.28 %) and wait for recovery in share price.
2 - slowly buy new units at current prices and bring my average price down and increase yield.
3 - sell and reinvest in other companies in the energy infrastructure field (KEY, PPL, IPL, ALA)
Thank you for excellent service.
My time frame is 10+ years to hold before I convert to a Life Income Fund (similar to a RRIF).
Is it better to:
1 - do nothing and collect the current yield (5.28 %) and wait for recovery in share price.
2 - slowly buy new units at current prices and bring my average price down and increase yield.
3 - sell and reinvest in other companies in the energy infrastructure field (KEY, PPL, IPL, ALA)
Thank you for excellent service.