Financial 15 Split Corp T.FTN

Cash is trash... again

[flamingogold]

At least in Canada. BoC just cut 0.5% crashing our dollar towards covid lows. GICs which saw a huge inflow during that time now represent dead money. Safe sideline money market investments will now be looking for higher yields and the only place to get that will be to move funds back into equities including high yielding splits.

[navgod]

funny my screen shows a nice little pop in C$ must have been already discounted

[flamingogold]

Will be short lived. Once US tariffs hit our economy our dollar will be in the 60's.

[mouserman]

Well today the CAD has dropped into the 60's... Freeland exitting Trudeau's cabinet likley to do with that. The Globe and Mail reports in its Tuesday edition that it took Chrystia Freeland's exit letter for the former federal finance minister to say what business leaders, and a vast chunk of the population, have long wanted to hear her tell Prime Minister Justin Trudeau: It is time to

[Toppicks1]

That's one opinion... but I highly doubt that smart money will be chasing big returns in splite funds when banks are trading at all time highs.... very risky to chase.... most smart money doesn't mind sitting on sidelines with big profits and wait to enter.. 

[Toppicks1]

In fact 97% of smart money never looks at funds with 15% divis... most are in stocks like Costco... cost...trading over 1000$ today and up 382 $ the last 12 months... 

[marcrobert]

people don't buy higher yielding equities just for income, they buy them because they have higher income AND lower beta/less volatility (this does not apply to A shares of bank split corps which although their underlying securities are low vol /high yield, A shares are opposite: high volatility and yield). Alternative to an income strategy would be to hold superstar high ROE stocks like

[Northsea6]

And that's your opinion since you sold , so post on the EIT board as you think they have no banks and are immune from any sort of correction .As another non owning poster but just a rabble rouser neutral observer said You have no shame , you welched on a bet and lost any credibility you had as Liars have none , when exposed.

[Toppicks1]

Thinking maybe you don't own any Costco stock cost... it's up 365$ this year alone.... EIT is not immune from corrections.. I don't care I own it for the 11500 $ monthly divi... I don't know how this is possible but I did a search on you and red-deer and you 2 have identical names.... how is it possible 2 guy with the name of Richard Noggin.... I really like the FTN chart....