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Message: TFSA

Re: TFSA - Ganalane

in response to by
posted on Oct 26, 2009 11:08AM

Thanks for the info.

I am thinking of stating mine with EnCana. They are splitting very soon and the general consensus is that the oil side, Cenovus, will likely get taken over within a year.

So, what I am looking at is the 3.5% dividend and possible appreciation for the new entity.

For the 2010 contribution, probably going to put another good dividend performer. As for KXL et al, my thoughts are the same as yours. Too speculative. Besides, I don't want something in there with potentially staganant growth (or worse). Methinks that the TFSA is a good place for high dividend, blue-chip companies.

On your other post you mentioned the over-contribution penalty. Mr. Flaherty announced last week that he is closing that loophole and a few others! He should have waited a week or so and made the announcement this Saturday. He seems to like Halloween bombshells.

Take care,

KG

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