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Email this7:12 am
April 6, 2013
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mechone said
Bought more BMO, Manulife , Suncor , Enbridge and a few U.S stocks last week and made a load of money this week , if it goes up or down don't care they are all paying dividends and over time will all go up
cruzinalong said
Excellent planning. All in different segments. They will do well.
They will do well over ten years or longer. But, they aren't alternatives for GIC's.
One still needs to have GIC's for money that will be needed in the next five years or so.
Equities are quite unpredictable over such short time frames. Companies do run into unexpected issues every once in a while. Even their dividends can suffer in the short term because of such issues. For example, TransCanada Pipelines had to cut its dividend from $1.12/share per year to $0.80/share in late 1999 because of some internal challenges.
2:24 pm
April 15, 2020
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I was given TransCanada Pipelines in 1998 when there was a merger spin-off with Nova Chemicals. Yes the dividend was reduced in 2000. I was reinvesting the dividends quarterly in more shares. I was working at the time, it did not affect my cashflow.
I started GICS only two years ago this month after years of buying stocks. I know stocks are long term. When I was working it was not important to have GICS since I had a regular paycheck. After the market correction this year I tried to determine how long is long. Ten years is a good number. I do not count my dividends as 100% these days. I wait until they send a cheque or deposit the funds in my account. A reduction in dividend hopefully does not affect your lifestyle. Have a good day.
2:29 pm
April 15, 2020
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Norman1 said
mechone said
Bought more BMO, Manulife , Suncor , Enbridge and a few U.S stocks last week and made a load of money this week , if it goes up or down don't care they are all paying dividends and over time will all go upcruzinalong said
Excellent planning. All in different segments. They will do well.
They will do well over ten years or longer. But, they aren't alternatives for GIC's.
One still needs to have GIC's for money that will be needed in the next five years or so.Equities are quite unpredictable over such short time frames. Companies do run into unexpected issues every once in a while. Even their dividends can suffer in the short term because of such issues. For example, TransCanada Pipelines had to cut its dividend from $1.12/share per year to $0.80/share in late 1999 because of some internal challenges.
I like having GICs now. When they mature the funds plus interest are deposited in my account. I hold for a period of time in a savings account up to a year before doing something with the money.
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