The Investment Reporter, in its Jan. 18, 2013, issue, says buy Enbridge Inc., recently $43.16. The Reporter said buy 20 times from Nov. 15, 1995, to March 30, 2012, at prices ranging from $30.30 to $65.50 (the stock split 2 for 1 three times -- on Oct. 13, 1998, May 6, 1999, and May 18, 2005). Assuming an investment of $1,000 for each of the 20 buys, the $20,000 position would now be worth a rewarding $56,625. The Reporter advises Canadians to hold more high-quality, dividend-paying stocks instead of investing in bonds. Dividends often provide more cash than you can earn from the interest on bonds. Also, companies make a point of raising their dividends from time to time, which gives you a stream of cash that will let you keep up with inflation. Enbridge is one such company; it has recently raised its dividend to $1.26 a share, up from $1.13 a share. In addition, stocks should generate much higher returns than bonds over the long run, since today's low interest rates are no longer reliable for bond price increases. Sell bonds and buy stocks in a way that will keep your portfolio balanced.
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