Category Archives: Advice

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How to Engineer Your Own Luck

The ancient philosopher Seneca once said that, “luck is when opportunity meets preparation.” In other words, the more prepared we are the more chances we’ll have to take advantage of opportunities when they come our way. I believe this is true in many ways. But luck is probably a little more complicated than that. I’ve recently come across… Read More »

What to Buy When Everything is Expensive

For long term investors, earning 5% to 7% annual return (after tax) is a suitable target to aim for. But this is difficult to pull off today. The current expected returns of the financial markets are extremely low by historical standards. Traditional asset classes such as stocks and bonds are generally overvalued now. Stock Market Expected Return = 3.2% The… Read More »

Is Enbridge Stock a Good Buy at $47?

tl:dr. The answer is yes, Enbridge is a good buy. 🙂 Fair Market Value of Enbridge (ENB)  Canadian pipeline company Enbridge is currently trading at around $47 per share. But based on Benjamin Graham’s formula for valuing stocks, which I’ve discussed before, the fair market value of Enbridge should be around $62. Enbridge stock’s EPS is $1.96. The growth rate (g)… Read More »