Sports and Competition
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Sports and Competition
Source : (remove) : The Globe and Mail
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Sat, December 7, 2024
[ Sat, Dec 07th 2024 ] - The Globe and Mail
Why I sold my BCE, and how I'm investing the proceeds

Why I sold my BCE, and how I'm investing the proceeds


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Published in Sports and Competition on by The Globe and Mail   Print publication without navigation

The fact that BCE said nothing about maintaining the current dividend rate beyond the end of 2025 indicates to me that a cut may be on the table

The article from The Globe and Mail discusses an investor's decision to sell their BCE Inc. shares due to concerns over the company's high debt levels, the potential impact of rising interest rates, and the competitive pressures from new market entrants like Elon Musk's Starlink. The investor, who had held BCE for its reliable dividends, decided to reallocate the funds into a diversified portfolio. This new investment strategy includes a mix of ETFs, such as the iShares S&P/TSX Composite High Dividend Index ETF (XEI) for Canadian dividend exposure, the Vanguard FTSE Developed All Cap ex North America Index ETF (VIU) for international diversification, and the BMO Equal Weight REITs Index ETF (ZRE) for real estate investment. The investor also plans to invest in individual stocks like Fortis Inc. for its stable utility business and Alimentation Couche-Tard for its growth potential, aiming for a balance between income and growth while reducing risk through diversification.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/education/article-why-i-sold-my-bce-and-how-im-investing-the-proceeds/ ]

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