RE: Insurance Smush74What support Smush? It seems there are as many who disagree with you as agree with your faulty premise. BTW pleeeeease tell me where I can buy a 1 oz gold bar for $800 and get delivery immediately. The reality is that gold & silver are both selling at a least a 40% premium over the spot price.
Anyhow you're quote from your lengthy but childish reply, "I like dividen paying growth stocks financial." First off there are some spelling errors but it's UselessYannio's game to be the spelling monitor. Your response was long, so I'll give you the benefit of the doubt.
I'm sorry but there absolutely no prospects for growth for ALL five major Canadian banks. Do you need an anvil to fall on your head to get that message? The book value of many mortgages in Canada are worth less than the market value of the properties. Very bad scenario. I hate to break it to you but we are only at the beginning of the downturn. Even the CREA predicts that the median home value will decline in Canada over the next year and they have a vested interest in vibrant real estate market.
Although I disagree with Cannonball on many points, I will say his strategy in investing in banks is far more solid than most of the pinheads who pump banks on these forums. Cannonball recommended "covered call options" which indicates that even Cannonball was neutral on banks at best but he did adapt his investment strategy to mitigate his risk. IMHO shorting (but pick your spots carefully folks) or avoid banks altogether is the best investment strategy of all.
Following YappyYannio & DividendIdiot will ensure you're on the road to poverty.
El-Mark-O