I own $NA$RY$TD and I’m thinking about adding $BMO and $CM. As an income focused investor, does it make sense to hold all 5 dividend paying stocks or only my 3 existing holdings? What are the pros and cons of holding all 5 instead of only 3?
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23 Comments
Phil @diversifiedfill · 23d
Two of my friends were Bank employees and they bought shares through their employee share purchase program, taken from each paycheck. One worked for RBC, the other TD. Neither of them owned any other stock whatsoever, they both had one stock portfolios. Both of them retired by the time they were 50 and both say that their stocks are growing faster than they can spend it and will likely die with more shares than they own today. I will just let that personal anecdote speak for itself.
Mayank Pathyarch@mayank7 · 23d
Just get $VDY holds the majority of the banks and keeps you diversified in Canadian equities
Satwinder Singh@thevalueinvestor · 23d
Another simple way to own all of them is through $ZEB Whether you pick one, two or all of them, I think they’re excellent long term investments. These are the kinds of companies that can compound wealth at an incredible rate over a 20 25 year period.
Mike L@noviceadvisor · 23dEdited
No. Why? Because I said so. Ok real answer. Historically the banks have never yielded this low and with inflation issues and quite frankly the meme price that it's at, starting a new position, you have a greater chance of losing money. If you have spare cash I'd just add to your current holdings.
Thomas Robert Berghello@sneakerfiend · 23d
love this question. i think its a good idea. would live to hear the cons
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