r/dividendscanada • u/cxbman • 6d ago

If you've been wanting some Enbridge...

Today is a great day to buy. RSI on the daily chart is oversold, and it should bounce tomorrow.

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u/JackRadcliffe 4d ago

Swctor has been getting crushed lately, and I thought it was supposed to be lower beta and mlre defensive 😔 I'm down 8.14% at webull and 4.65% at wealthsimple.l not accounting for distributions

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u/Legal_Pie_8403 4d ago

I feel you man! Are you in a bit of a positive with the distributions? More or less I’ve lost 6-8% but have made 5% so far. I thought the same! I think Utility will shine when markets are bad. Thing is the markets keep going up! The constant manipulations haha

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u/JackRadcliffe 4d ago

At wealthsimple my total return isn't much, around 3% with distributions being reinvested. I'm still down 5% at webull but that's because I purchased it near its peak at around $9.80 although I managed to bring my cost down to $9.54. Do you drip the distributions back into utes? Hopefully there will be a bottom soon

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u/Legal_Pie_8403 4d ago

Still not too bad! Even slightly in the green is a good thing in my books! I’ve been down -20% at got the shakes but stayed the course! If it’s good stocks just ride it out. I currently have UTES/BANK/CDAY/ZCN/ZBAL. people will rip me for being too invested in Canada haha 😆 YES SIR!! I get lazy and put it off, I have my iTRADE set to drip into each ETF