Bullboard - Stock Discussion Forum Royal Bank of Canada T.RY.PR.M

Primary Symbol: T.RY Alternate Symbol(s): RBMCF | T.RY.PR.J | RBCPF | T.RY.PR.N | T.RY.PR.O | T.RY.PR.S | RYLBF | RY | T.RY.PR.H

Royal Bank of Canada is a global financial institution. Its business includes Personal & Commercial Banking, Wealth Management, Investor Services, Capital Markets and Insurance. The Personal & Commercial Banking comprises its personal banking operations and certain retail investment businesses in Canada, the Caribbean and United States, as well as its commercial and corporate banking operations... see more

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TSX:RY - Post Discussion

Royal Bank of Canada > Short Term Swings Just Don't Matter

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Post by DeanEdmonton on Aug 08, 2022 11:07am

Short Term Swings Just Don't Matter

I see a lot of commentary on this board about 2 and 3 dollar swings in this stock price. This not not a good candidate for short term trading. Buy it, collect your dividend and ignore the share price. Trying to figure out what moves the price a buck one way or the other on any particular day really is a mugs game. What I look at is the 6 month, 1 year and 5 year trends. Is the share price showing an upward trajectory, growing earnings and increasing dividends. You can easily answer yes for this stock. Is there any reason to expect that long term trend to reverse, NO. Buy, hold, don't check stock price every day, it will make you nutz. Sleep well.

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