Comments on: Smith Manoeuvre Update December 2009

By: cashback cards

cashback cards — Wed, 23 Dec 2009 17:21:05 +0000

Hey,

this is great that your so open and honest with your readers like this. But can you help me to understand why you would hold 57.12% Financials? To me that just seems crazy!

Thanks

By: Financial Samurai

Financial Samurai — Sat, 19 Dec 2009 10:21:31 +0000

Hi Smith, nice performance. Just wondering, do you have any positive anecdotal type evidences that the Canadian consumer is rebounding? I want to get a sense of whether this stock market rebound we’ve experienced is for real, and whether more liquidity will join in from the sidelines to keep the party alive.

Thnx!

By: Canadian Dream

Canadian Dream — Fri, 18 Dec 2009 21:05:27 +0000

I’m seeing a lot of talk regarding the big names for telecom. Do any of you invest in any of the smaller players like MBT? Just wondering.

Tim

By: Gerry

Gerry — Fri, 18 Dec 2009 18:46:46 +0000

I’m in with Nick also. Telus has been on my watch (and buy) list for a while. The globallive news last week was great, a little drop in the price of Telus and increased chance that more foreign capital will be allowed into the arena. Heck, the 6% yield with a payout ratio of only about 50% looks great too.

By: Mark in Nepean

Mark in Nepean — Thu, 17 Dec 2009 23:55:07 +0000

Well done!
Frugal – No SLF?
Great company, great dividends, and relatively inexpensive.

By: Stuart

Stuart — Thu, 17 Dec 2009 22:38:15 +0000

My first thought was that you are overweight in financials, but then you did explain that you have other accounts. It is good practice to create a consolidated portfolio view for all your accounts every year. Any good investment advisor will do this for you as well.

By: Simon

Simon — Thu, 17 Dec 2009 20:07:53 +0000

I agree with Nick. I have been watching Telus for a few months now and I think it is a better pick than BCE if you go long-term. As long as they keep pumping out and periodically increasing the dividend payout, I will recommend to hold this stock. The newly announced 3% discounted DRIP is great too. The next quarter all those shares will just add to the umber of disounted new shares I will be getting the next quarter.

By: Simon

Simon — Thu, 17 Dec 2009 20:06:50 +0000

I agree with Nick.I have bcenen wactching Telus for a few months now and I think it is a better pick than BCE if you go long-term. As long as they keep pumping out and periodically increasing the dividend payout, I will recommend to hold this stock. The newly announced 3% discounted DRIP is great too. The next quarter all those shares will just add to the umber of disounted new shares I will be getting the next quarter.

By: Nick

Nick — Thu, 17 Dec 2009 18:24:56 +0000

For a telecom suggestion, I have been watching Telus. Steady and healthy dividend increases (25% per year over five years), reasonable payout ratio (half of BCE!), and a current yield around 5.75%. Following your “when to buy dividend stocks” strategy I would jump in if it hits its historical yield high point around 6%. Plus, it has a DRIP with a 3% discount.

Cheers

By: cannon_fodder

cannon_fodder — Thu, 17 Dec 2009 18:14:03 +0000

FT, like Finance Addict, I’ve added BCE to my portfolio. I bought it soon after the buyout failed and got it for $24.

I am not expecting much in capital appreciation but this is the 3rd dividend increase and 2nd buyback they’ve announced in the last year.

By: 2 Cents

2 Cents — Thu, 17 Dec 2009 15:17:46 +0000

FrugalTrader,

Thanks for the links. I was already aware of some of that information, but there were some good things in there that I didn’t know about, namely the trend analysis site and the Excel add on. I have been out of the market for a bit, but I’m going to look into these things for when I’m ready to get back in. Many thanks.

By: Finance Addict

Finance Addict — Thu, 17 Dec 2009 14:31:49 +0000

BCE announces 7% common share dividend increase for 2010 and plans for the use of surplus cash – Includes $500 million share buyback and $500

This is the one to pick.

By: FrugalTrader

FrugalTrader — Thu, 17 Dec 2009 14:11:02 +0000

2 Cents, This is when I buy my dividend stocks This is the pool of stocks I generally choose from. This is how to buy and sell stocks in general..

By: 2 Cents

2 Cents — Thu, 17 Dec 2009 13:59:08 +0000

I think it’s great that you share the details of your strategy with readers. We often hear about various financial planning techniques, but the nuts and bolts of the “how to” are usually a mystery. That keeps us from acting, as we assume that we’re not knowledgeable enough to pull it off on our own.

By: saveING.ca This is why I signed up with ING Direct

saveING.ca This is why I signed up with ING Direct — Thu, 17 Dec 2009 13:20:30 +0000

I would think equities would be a relatively dangerous place to be, though Canada remains one of the safest places.