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Utility Stocks

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Sep. 4th, 2007 | 10:46 pm
posted by: barrac10 in smartinvesting

 Does anyone have an opinion on utility stocks they would be willing to share. 

I am invested in utility stocks for the same reason everyone else has for the last few years - stable, good dividends, some growth. But recently, I have read many articles saying that utility stocks are set up for a downfall with the current volatility of the stock market

I am fairly diversified, but I still have a good percentage of my money tied into various utility stocks. Is anyone selling their utility holdings

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from: selfinvest
date: Sep. 7th, 2007 03:31 pm (UTC)

Two stocks that I'm familiar with and trade time to time are:


These are Energy Trusts in Canada, that kick out monthly distributions, thus compounding your return monthly. They each withhold foreign tax and have High Dividend Rates.
One word of caution with both of these, Canada is attempting tax reform on these trusts. They feel to many outside investors are investing and want higher taxation. Many fled to Canadian oil trusts over U.S. Trusts because the U.S. raised the taxation of such companies years ago. Overall I'm pleased with Pengrowth's Energy Trust management and have held them for over a year.

Best of Luck!

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