RE:BK high payout = almost 25 cents monthlyI'm surprised they haven't been more aggressive with their rate as far as cutting it back to 10% or even level with the preferreds.
I realize they are well capitalized, or at least in better shape than most other banks around the world but there is a limit.
Real Estate is still holding on and foreclosures haven't increased significantly, YET.
Push hasn't come to shove at this point but the Liberals/NDP can smell cash in the wind and it's pretty obvious that the other cash flow revenues they were counting on are starting to deplete.
Watch them come for the profits in your TFSA accounts as soon as they believe they can get away with it.
Still holding 100% cash and feeling good about it.
Volatility is OK at times but there isn't any reasoning behind the present situation other than blind emotion and extreme risk taking.
The markets will drop more from here and it will be a quick dirty waterfall, then a sharp up with a sharp decline to a point that appears to be sustainable to retail investors.
I've been following the recommendations being made by a few Investor Advisory sites, such as Motley Fool and I don't see what they're seeing or like their advice.
Now is a time for caution, not betting the bottom is in.
GLTA the good folks here