Post by
DeanEdmonton on Apr 23, 2022 3:56pm
Royal and Most Of the Big 6 Taking A Beating
Between interest rates rsing faster than expected, really high inflation, the extra tax on profits and general malaise setting in, some of the bloom has come off the Banks short term. That said, I still expect to see them significantly higher 12 months from now than they are. This pull back will bottom out and will turn out to be a very good buying opportunity for those smart enough to take advantage. As usual however, folks have real trouble buying even top quality stocks as they drop. So many seem to enjoy buy high, sell low. If you bought the Royal Bank at its 12 month high in pretty much any year over the past 15 years, there are a few exceptions, you would be ahead of the game 12 months later. If you got lucky and bought at the 12 month low, you would have done really well 12 months later.