Quote:
Originally Posted by manwiches
I'm investing in a couple, including Enbridge and IPL. I've been slowly putting money into Enbridge from my TFSA. Their dividend is really good (8.5 % i believe), and their stock has been really cheap the past couple months. It's climbed since, but that dividend is really inviting.
My thoughts are even if oil crashes, the world will always need pipelines regardless, so my investment in Enbridge is safe. Crossing my fingers Biden isn't elected. haha
I won't touch O and G though in my trading though. I think I'm too biased and optimistic to trade O and G stuff, so I end up bag holding.
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Be wary of the Dividend trap. Nevermind an Energy Related divided stock.
I find growth stocks more appealing for someone in your Age range. Sure you can make the 8.5% per annum dividend, or you can look at other growth stocks that while carry more risk can return a much higher rate over the long run.
If you have to stick to Canadian stocks, look at Shopify. Yes, the chart is insane this year, however their business still has a lot of growth potential. Even Constellation software is good bet.