Review of Stock Performance – Enbridge (ENB) & Intact Financial Corp (IFC)
At the beginning of the year (February 2016) I had wrote a post about the stocks that I was interested in investing. See article: http://www.financegirltoronto.com/2016/02/my-canadian-investing-ideas-for-the-year-2016/
The two stocks that I invested based on the analysis of this article are Enbridge (TSX: ENB) and Intact Financial Corporation (TSX: IFC). You can find my analysis and reasons for investing in the link provided above.
Now it has been 4 months, I wanted to provide an update on how these two investments are doing.
ENB:
I was hoping for about a 30% gain for Enbridge for a holding period of a year. A 15% increase into 1/3rd of the year can be considered on track. I have been happy with the performance of this stock up till this point. I was expecting Oil prices to reach 50$ by the year end, it is currently over $50. I just wish I had invested more money into Enbridge.
IFC:
I was hoping for about a 17% to 19% gain for Intact Financial Corp for a holding period of a year. A 7.5% increase into 1/3rd of the year can be considered on track. I mainly purchased this stock as a defensive buy to reduce the overall risk of my portfolio.
Next Steps
I will continue to monitor the stocks and adjust as necessary. Normally when I buy stocks I decide on how long I want to hold them for. I may sell early if I reach my target, or if I have found another more attractive opportunity or if I am expecting the market direction to change and not reverse back within my time period.