Don’t put all your eggs into one basket Bank of Canada crashes GIC party, sends retirement savers packing: Jackson
https://www.bnnbloomberg.ca/investing/opinion/2024/10/25/bank-of-canada-crashes-gic-party-sends-retirement-savers-packing-jackson/
I have 4.3 % in GIC 8.2% in mutual funds over 4 funds plus 87.5% in dividend income over 24 different companies in all kinds of sectors. Hight of dividends in individual companies is not decisive for me. The total amount of dividends is. I hold an eagles and turkeys. Generally turkeys pay more dividends but they don't grow much. Eagles pay less but they grow my capital. In 20 months total portfolio grew by 30% and accept my wife's RRSP ( subject to tax, still working) I am cashing in all my dividends. ( cash account, TFSA,TFSA. Not willing to subsidize my investments with dividends , plus by withdrawing dividends from TFSA's accounts I am creating more room to hide the money from cash trading account to avoid paying taxes.
Remeber the song??
You got to be shuffling lol.
A few weeks ago I bought BCE got one dividend than I realized BCE in not only turkey but a crippled one so I sold it and bought something else. ( TD,HMAX . One potential eagle ( TD) I will have to wait it out and the other one a turkey ( HMAX ). The HMAX ETF is made of financials so as interest rates drop the price should hold steady plus dividend is not bad.