Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

North American Financial 15 Split Corp. is a Canada-based mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in the amount... see more

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TSX:FFN - Post Discussion

North American Financial 15 Split Corp > FOMO is back

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Post by flamingogold on Aug 03, 2022 11:17am

FOMO is back

The market is beginning to price in a top to inflation. The next CPI report wlll tell all and whether the BoC/FED are in control... or not. I see inflation high but stable, a drop would be welcomed but too soon imo with more rate increases needed to get to their 2% target.

In the meantime, party on.

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Comment by mouserman on Aug 03, 2022 11:31am

A little bit of positive movement today in the US banks and the USD vs CAD, HOWEVER, FFN still down since JULY 29 close, and so in realtime has lost a few penneis since the MONTH of JULY ended. Not sure why the buyers are jumpin all over this name today, as the chances of FFN paying steadily in the months ahead are slim imo. FED will increase interest rate again next meeting by at least 50 ...more

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Comment by Investability00 on Aug 03, 2022 12:03pm

I put my toe in the water at $4.07 and bought just 50. Not much but to my surprise I made a few $! If it goes back around 4 I might throw some more pocket change at it LoL.

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