Q: I currently hold Enbridge in a taxable account and I am thinking of selling it and purchasing a stock in the same sector that has more growth and likely a smaller yield. While I prefer Canadian companies US listed stocks would be considered if they are more attractive.
With appreciation,
Ed
With appreciation,
Ed
5i Research Answer:
Keep in mind any replacement stock would need to outperform the tax hit on an ENB sale as well, so depending on tax rate may need to rise 25% or more to make for a profitable switch. This might be hard, and we do like ENB currently. But some switch ideas with lower yields and higher potential growth are: PPL, NEE, SRE