RE:RE:RE:RE:RE:BK unit NAV to AUG 9 = approx: $21.05I'm not dissing your strategy in any way. Just, as you are expressing an opinion on the overall situation.
You're overthinking this IMHO, but if it works for you in a positive manner, both financially and mentally, that's better than most investors get by throwing darts at their options without doing DD.
I sold FTN, again, this morning as well.
Profit is profit.
US banks are run differently than Canadian banks and they have much more leeway. That's why TD decided it wanted more US exposure.
One of the biggest anchors to Scotiabank is it's ''offshore'' holdings IMHO. Especially their South American holdings.
Still all being said and done, a basket of Canadian banks is still about the most attractive investment vehicle I can see in the present volatile market.
At this stage in my life, I dabble with making extra cash with such vehicles as FTN.
I'be bought and sold BK several time but keep coming back and mostly just hold it for the $4k/month of distributions.