Foundation Stocks

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Hi I just signed up with your service I have RRSP’s mutual funds and would like to start trading individual stocks. Getting close to retirement so I like dividend stocks. Should i start with the foundations stocks and what kind of weighting should be foundation stocks compared to Dividend Bull list?

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Asked on August 26, 2020 6:59 am
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Hey there!

First off, thank you for hopping on board. I truly believe we've got the best platform in the country.

If you're an older person close to retirement, our foundational picks and our dividend bull list are amazing options. In fact, with most of our dividend bull list being financial stocks, some are trading at some pretty steep discounts. Others like CCL.B, we've actually spotted them right before a double digit increase in price, but they still provide value.

Our foundational picks are an excellent spot to start. You've probably noticed most of them are blue-chip Canadian stocks. There is renewable exposure in there, gold exposure, utility, telecom etc.

Now, as per an allocation of them, that's completely up to you. It's hard for me to say exactly. An example would be if you're REALLY risk adverse, you may want to avoid Brookfield Renewables and instead add a less volatile play in Algonquin Power and Utilities. Or, if you feel you want a REIT that provides more stability and less growth, maybe you go to one with a more defensive profile than RioCan. Or maybe you'd like to avoid oil and gas altogether, so you'd like to skip Enbridge.

There can be so many variables it's very hard for me to give you an honest answer. What I can say though, is our Dividend Bull List, Foundational Stocks and our Dividend Safety screener will help you construct a very sound income portfolio.

And as always, we really encourage you to bring companies you're curious about back here to this Q and A

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Posted by Dan Kent
Answered on August 26, 2020 7:45 am