RE:RE:RE:You Have To Wonder What Game Is Being Played With The S/P?Nice he hear from you again BlueJay. I have a big position as well spread across SIA, EXE and CSH.un.
Good move to open that TFSA, the best gift, among only a few, that the government gives Canadians. It should be the first place to park new money, and not for cash or GICs. Snce your son is now 18 he is also likely eligible for the new FHSA (First Home Savings Account) which just launched. Another rare gift. I will be helping my daughter to get it started as well.
BlueJay2020 wrote: Yep, and add to that the general impact of higher interest rates, not only on profitability of Sienna but also on the attractiveness of the dividend to investors who could get 5% risk-free. 6 percent in a small cap isn't going to cut it for many.
This headwind will become a tail wind as some of these increases unwind over the next year or two.
I have a portfolio of about 30 stocks - Sienna is my largest holding (followed by CNQ).
My son's just turned 18 and I opened him a TFSA account on his birthday with a bit of seed capital - guess what the first stock we bought was!