Why I've Owned Enbridge Stock for 6 Years Straight

The average holding period for a stock is less than six months. That's down from an average of more than eight years for investors in the 1950s. While a decline in trading commissions has been a big driver of shorter holding periods, most investors have developed a very short-term mindset when it comes to owning stocks. 

I try to take the Warren Buffett approach, whose favorite holding period is forever. I aim to buy stocks I intend to hold for a long time. Enbridge (NYSE: ENB) is one of them. I've held shares of the Canadian energy infrastructure behemoth for almost six years and hope to own them for the rest of my life.

I started my Enbridge position shortly after it acquired Spectra Energy, creating the largest energy infrastructure company on the continent. I believed the increased scale and move toward lower carbon natural gas would give the Canadian utility and pipeline giant the fuel to continue growing its attractive dividend.

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Source Fool.com