New Premium User and very green investor.

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When its comes to telecom I own BCE which I could sell at break even right now. Do you think that selling and switching over to Telus (T) would be a wise at his time

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Asked on November 24, 2020 8:41 am
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Hey there.

First off, BCE is an excellent company. It's had its downs over the last half decade and has underperformed, however there's no questioning it's a solid blue-chip income stock in Canada. In fact, with dividends reinvested, a $10,000 investment in Bell in the late 90's is worth almost $200,000 today.

However, we do like Telus for growth moving forward. Whether or not this fits your investment profile is completely up to you.

If you like the security and reliability that BCE provides, don't feel its necessary to go out and dump your shares to pick up Telus. These are both very solid companies.

What do YOU want is the true question. A smaller telecom branching into more volatile, yet higher growth opportunities like telehealth, ai and security in Telus. Or, a reliable blue-chip option that is a dominant media and telecommunications force in Canada, that isn't going anywhere for a very long time.

Both have pros, both have cons. Will you regret either decision 10 years down the road? Although it's never impossible one of these companies falters in a big way, I'd say the likely answer is no.

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Posted by Dan Kent
Answered on November 24, 2020 11:57 am