RE:RE:WCP - WARREN BUFFET Truths !
Thank you Barney.
I will for sure check that out. I am now looking to balance out a bit , I like the diivy. I also know it's the opposite of Energy but the big banks , RBC - TD primary are over the lay 20 years insane. So example. Today your divvy on bank stock RBC -TD. Lower end of the banking div spectrum is 3.6. That divvy if history repeats itself will be 7.24 approx in 7 to 10 years. So it's truly the most long term play , but with banks you will almost certainly get a double on share price. Capital gains being taxed consistently at 26.5 %. Straight up to no ceiling. ! I will check out the one you mentioned. Long term this adds up.
I should mention if anyone doest know , I am 51 and I am hoping I can leave these investments alone , while I am still earning a pay check. If anything I can add a little here and there. ! So the bank idea thing won't work for someone looking to live off of there money , when they need to get max passive income now. Banks are hard to live off , if the divvy at the outset of your retirement is 3.6. One more thing. I believe bank stocks are a vacuum and every year like other stocks too , the funds in Canada have zero choice but to add. So it almost is impossible to stop. It grows more the more it grows. It compounds more the more time goes on.
I love investing, so love anyone's 2 cents. Never done learning.
C
barneyj44 wrote:
Can't blame you for getting skiddish 1970Craig. I sold my Arc today as I was lucky enough to get in at $8 . This sector can be very unnerving at times. There was a day last week that I had a $34,000 paper loss when the Dow was down 1200. Sometimes the market spares no prisoner's. Unfortunately I have this love hate relationship with Wcp and added more today....If your looking for a place to hide some money look at T.Hhl. Recommended yesterday on Bnn by John Hood, a health care Etf with an 8.3 % Dividend yield. Harvest Health Care.