Financial 15 Split Corp T.FTN

Itsalie

[NobleHouse]

If l may , a few thoughts on FTN , and l am not a Pro.In the industry or a Day trader.I have owned FTN and added since October 2022 and have never not received a dividend unlike some of the other Split shares mentioned by others that have missed , some almost 50% of the time.Yes , no doubt that 24% is enticing till you go 3 or 4 months without , then the anxiety sets in and you told at a loss. Personally l wouldn't touch them with your money , never mind mine. Ftn has missed only 2 payments , and that in the COVID high 3 or more years ago. One thing to consider , they consist of the Big Six in Canada , the most stable in the world , 4 well founded Lifecos and 5 of the best in the USA dispite their wild West show and even though all of them , in the good ol' USA were all instrumental in precipitating the Global financial crisis of 2009. Only Jamie Dymon has survived as a CEO and hopefully those 5 companies learned from the mistakes that caused over leveraged fools like Lehmann , Bear Stearns etc to collapse. If this sector ever collapsed then everybody's portfolio is in the Dumpster.These buy and sell guys , in and out are just Day traders, renters of stock not long term shareholders. While l love the Dividend and FTN at this time l am not a diehard that would not reduce my holdings or gold the hand if circumstances changed for the absolute worse. I rely on Mousermans daily NAVs to keep us all informed as Quadravest is completely useless in that regard and don't seem to care about promoting their wares.I have to question their business competence.However all my divs generated by my 16000 shares are reinvested in FTN.My money where my mouth is.Cheers,and perhaps institute an initial position and see how it goes..

[Jack256]

I think you should do a more indepth look into the past of this fund. I belive it missed paying from Apr 2020 to Dec 2020. The only reason it started paying again was a consolidation split where people owning 1000 shares now own 400. If you were to run a comparison between any of the 6 top Canadian banks and FTN from Jan 01 2020 to now you would see how poorly FTN has performed.  

[NobleHouse]

I am not arguing with your facts , l posted l have owned since October 2022, a fact and l bought after the 2 missed payments in 2021 or early 2022. That post to Itsalie was not meant to generate an argument but to relay recent history of FTN and my comments regarding FTN FFN were also relating to recent history.Now l checked years before history before l invested and only did so on the basis that