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Royal Bank of Canada T.RY

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

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 in Canada and the Caribbean. Wealth Management provides a full suite of investment, trust and other wealth management solutions and businesses. Capital Markets provides public and private companies, institutional investors, governments and central banks globally with a range of capital markets products and services across its two main business lines, Corporate and Investment Banking and Global Markets. Insurance offers a range of life, health, home, auto, travel, wealth and reinsurance advice and solutions, and creditor and business insurance services to individual, business and group clients.


TSX:RY - Post by User

Bullboard Posts
Post by LordVon Oct 02, 2009 2:06pm
372 Views
Post# 16357917

Stockbroker4

Stockbroker4I sold a little at the top, of course to buy something else, but what is half,  Half 100 shares is 50 and half 1000 shares is 500 shares,   the reason you want to own a bank stock is for the dividends and maybe the capital gains in the future,  If your mother is worried and cant handle it and wants to sell with a 3 dollar captial gain then i would probably not be in stocks .   Stocks are risky  but if you are not concerned about them and they continue to pay the dividends then i would continue to hold.  Most small investors make mistakes such the one you did by selling because what you should have done was buy twice as much RY at 26 dollars and bring your average down.  Then you wouldnt be so worried.

Buy LOW Sell High

If you buy High then buy something you want to keep until its higher. And build up enough shares to benifit from the dividend.

I sold some at the high but thats because i trippled my holdings at the low.  If i bought high i would continue holding.

Have a great day

By the way i am not a investment pro  and am only telling you what i have learnt .

Cheers


V
Bullboard Posts