RE:RE:Any recommendations on MFC?Opelcadet wrote:
just buy Canadian bank dude. This is a turd I am just waiting to get out. Never mind its cheap....
Sure MFC isn't the star of the portfolio, but I have still managed 2 or 3 times what a GIC would have returned over the years. Added in December at $20.62 and it is currently about 4% of the portfolio, just like my banks, POW and HCG for total financials of 27% of the portfolio. Actually, much of my portfolio had a canine disposition late last year and I added all over: BBD.B, BTE, ECA, PEY, RUS, HCG, POW, GE, SNC plus I started new positions in ENB and LNR. Most of those buys are in the black now and the portfolio is up sharply from December, though still down sharply from last summer. Such is the nature of stock investing.