Post by
filoux004 on Jan 05, 2022 4:07pm
Fyi
Fyi, change of guard at Fiera Capital, Jean Guy Desjardins passes the baton . 181B under mgmt over 8percent yield. Core holding Gday
Comment by
savyinvestor333 on Jan 05, 2022 4:12pm
I always get burned when reaching for yield. There is always a reason why the yield is so high. The 5 year chart shows it's gone from $15.00 to now $10.56 so a 5 year holder has no gain even if you include the dividend.
Comment by
LongoGlueStick on Jan 05, 2022 4:17pm
Like I said the other day, filoux does not have a lot of experience with capital markets. 8% yield is a recipe for trouble. I'm not saying Xebec is any better than Fiera capital.
Comment by
savyinvestor333 on Jan 05, 2022 4:23pm
Longo I believe he is just playing possum. He just wants us to think he knows nothing.
Comment by
filoux004 on Jan 05, 2022 5:08pm
All valid points but they've never missed a dividend payment abd the present earnings can whether a market storm a least for a few quarters. JG Desjardins has put up a for sale 2 years ago and would like at least 15$ problem is to many portfolios and lackluster performance on their funds. Let's see how the market reacts to this new young buck.
Comment by
filoux004 on Jan 05, 2022 5:11pm
I've always wonder why Power corp doesn't buy them but I think they don't like pension fund mgmt fees are too small compare to the insidious fees in mutual funds and wealth mgmt, plus there New baby to come to market eventually is Wealth Simple a tone down version of Robinhood..