Bank of Nova Scotia T.BNS

BNS or CM ?

[incomedreamer11]

In tax-selling season looking to add  bank stocks , BNS for me more value then CM 

Any thoughts?

[Chefboy69]

i have owned BNS for 4 years and i am still under water...thank god for dividends BNS has been the bank laggard..for past 4 years Its a coin toss...I added to CM last week...lol bad timing  but its a bank stock and i plan to hold for next 15 year-20 years so not worried...I own TD( the best) BNS and CM... good luck

[zack50]

I admire your ability to buy and hold a stock for such a lengthy period of time... no can do for me! And, I'm certainly not going to tell you how you should invest/divest or what strategy you should use, when it comes to investing.  But, one thing is for sure... It's all about the timing isn't it?!  I purchased BNS in March/April of 2020. My in-price position for 800 shares

[Chefboy69]

lengthy periood of time????? this just proves todays investors have ZERO CLUE HOW TO HOLD for fear of a stock dropping Everyone thinks they are traders i still have the first stock i ever bought back in 2013 it was LMT at 190 7 divi increases later and 4x my money I own TD at 42, i bought that back in 2018 and then more in 2020 Your comment about holding for long..just proves new investors

[Ironman71]

Hey fellow... Relax! My comment was in reference to your statement, "... I added to CM last week... lol bad timing but it's a bank stock and I plan to hold for next 15 - 20 years." I was being genuine in my comment... "I admire your ability to buy and hold a stock for such a lengthy period of time."... after all, you did say you were going to hold CM for 15 - 20 years

[Chefboy69]

I think BNS was at 90 for a grand total of 3-4 weeks....and i am very calm You are a trader...I don't trade stocks that i plan to hold for my retirement they are set and forget...You can trade to hearts content And your startegy is to sell as soon as you see a profit( ie trader)

[Chefboy69]

one last comment...haha i just caught this you said you bought BNS in June 2020??? that would be 3 months after the covid drop You could have bought a log of sh.t and made money back then have fun trading the bank stocks

[zack50]

Not sure what you caught, but I did not say I bought BNS in June 2020. You should read posts more carefully. What I said was... I purchsed BNS in Mar/Apr of 2020 @ an average price of $53.84... that was at the beginning of the covid period not 3 months after. I sold the stock @ $93, 2.5 years later... hardly a trader as you suggest. We all have to trade at some point in time, if you want to MAKE

[RayDonovan78]

Zack, If you bought BNS in March/April of 2020 your divy would be much higher than 4.5%

[zack50]

Ray, yes of course... just a typo and approximation (~) ... should have read ~5.4%... I didn't go back and actually see what it was, since it was not the point or intent of my post.

[zack50]

Ray, the actual dividend yield on my cost would have been ~7.6%. Cheers!

[newcoin]

Both great. I own both. You cannot go wrong owning a Canadian bank stock. I think they are the best, solid investments in the world.