Q: I have Emera (which is down a lot) in an RIF - and thinking of transferring to a TFSA .
I'm thinking that it will increase as rates come down.
Is this overly optimistic ?
I'm thinking that it will increase as rates come down.
Is this overly optimistic ?
5i Research Answer:
Dividend/utility stocks are sensitive to rates, so the optimism has basis in fact. That being said, we would typically see a TFSA account as being growth-focused, and we would not really see EMA as a growth company. But for conservative investors we would not object to such a plan.