Remember what Maplak said.. There is only one pile of money not three. Land investment dead, speculative real estate investment dead, only place to make money is equity for now. Canadian inflation numbers came 2.7 % . As I mentioned before are they cooked to justify another rate cut? lol. Well in the States today , inflation came to 2.9 % higher than expected. Now just my opinion . I believe that those two rate cuts were done just to help banks. Of course they are in great shape as we are hearing but don't forget there is 2 million mortgages to be refinanced. In meantime economy slowing down people losing jobs and bankruptcy on the rise. So when banks report their earnings the most of the profits will come only from equity investments. Will those two rate cuts help Canadians ? No, they are already doomed probably for next two years. Working for Irving family now retired I remember when we had year end meeting he always highlighted the biggest treads to his business. One of them was consumers debt to disposable income. Back then 1.13 now 1.6 in the States 0.9 . Scary. So as we know eventually interest rates will go down the most likely more than expected. Dear dividend investors we are good. Two days ago my portfolio hit all time high before yesterday sell off. Today up again. Sold SPG in TFSA account keeping one in SDRP. Sick and tired sharing my wealth with every jurisdiction ( withholding tax) Bought BCE & LIF not much just to get over $ 100 a month and it is all mine. Why BCE and LIF? I think people like Larry Tannenbaum and others has a big stake in BCE so I don't think those kind of people will get screwed . Remember BCE is the Government darling . LIF? Living in Europe in Cold War time when Russia attacked Ukraine all old army equipment was dumped to Ukraine and it will be slowly replaced with a new one. Lots of steel will be needed, just my opinion.
Dont forget to hydrate as you wait for dividends! 12 pack Czechwar should be on sale in beer stores, only 12 pack!
https://apple.news/Ag7bIwZygROGChT9IZEjXrQ
https://youtu.be/6GKxAFaAEcg?si=YOs0C5iCZ4FmmV_V
Bell is part of the all-Canadian group that announced the acquisition of MLSE from Ontario Teachers' Pension Plan on December 9, 2011. Bell and Rogers Communications Inc. have jointly acquired 75% equity ownership in MLSE, and have formed a holding company to govern their combined ownership position. Kilmer Sports Inc. (KSI) has increased its 20.5% ownership stake in MLSE to 25%. KSI is owned by Larry Tanenbaum, who continues to serve as Chair of MLSE and as a Governor of the National Hockey League, the National Basketball Association and Major League Soccer.