Post by
NobleHouse on Mar 12, 2024 9:28pm
Expierenced
Congrats on making money on your trades.I acknowledge that over the years l have traded stocks , but usually because l have lost confidence in their prospects or found a better performing sector.The one thing l have found is nobody can call the top or the bottom , if they claim to , then l would call them a liar.Now if l was invested in individual bank stocks paying an average 4 1\2 dividend then trading is fine but in my mind l doubt the wisdom of trading in and out of an ETF with a 19% dividend and not that long ago , considerably higher..When the Financial collapse occured in 2009 , most particularly in the USA as their regulations and oversight are a complete joke , everything collapsed .Canadian Banks were the best in the world and still are.BMO never missed a dividend since 1822 and of the big six , l believe only National cut theirs back in 2009 or so. As l previously stated , l am here for the long haul in FTN as long as it works, The NAV is more than likely $8.00 for the commons and that 60% coverage is excellent for any Split.Now all that said if by chance FTN regained a 15 or 20% premium , yes l would trim some of my position as it represents a heavily overweight in my portfolio.I add to the others but l hesitate to say what % FTN , my only Split represents.Cheers.