LONG CHE.UN for the continuation of this patternI believe that the elliot wave will complete if not persist upwards.
CHE.UN trade ideas
CHE.UN for monthly dividend and long term growthThis is my first idea and I am very excited to be starting this new educational journey into the stock markets. I am a public servant in Canada so much of my paycheck goes into my mandatory pension fund. With plenty of room in my Tax Free Savings account, I am hoping to build a high yield portfolio to offset my average income and eventually help out my pension. 9.8% of my paycheck goes into my pension, 3.5% goes into a moderate-high risk ETF investment portfolio, and this final 1.5% will go into long term individual stocks with the intent of finding high yields and shielding them from tax. Also as a public servant I believe that we are all in this together, so sharing stock ideas to give others more insight is right up my alley.
I bought my first stocks earlier in 2019 and have slowly been reading and familiarizing myself with this form of money management. I am not too proud to admit that I have gotten lucky thus far in the stock market. QTRH TSX:QTRH , TSX:CAR.UN and TSX:DRG.UN have done very well for me in 2019, but were purchased with no strategy or goals other than to make more money. What I've learnt is that I am comfortable with stocks that are near 52 weeks lows, pay monthly dividends, and appear to have the momentum to gain 10-15% over the next couple years. Chemtrade logistics fits all my personal criteria with no other technical analysis other than its $0.10 a month dividend and a positive linear regression lines since the last sell-off. I am nervous to post this because of how basic it is, but feel like this is a great start for me and my financial journey. I plan on investing 30% of my stock portfolio into CHE.UN at 10.80 today December 12th, 2019 and using the coming up dividends to find other TSX dividend stock ideas to invest in. Will sell 50% of my positions with CHE.UN if price reaches $15.00, and prepare to buy again if price remains reaches 10.80 again in 2020.
I invite you to please give feedback and provide any information that will help me post better ideas to the community.
Steve
Love the high yields 12 percent or $.10 a monthHere’s another high yield I like been waiting for a dip this may be the best I can get. .10 cents a share a month from what I read. I like for the yield as most stocks in Canada aren’t the greatest.
