As I’m now trying to keep a lean portfolio and holdings, I’m thinking of selling off my holdings in $TD and $RY for the ETF that tracks top 6 Canadian Banks $RBNK What would you do and why? Btw I’m already in profit in both stocks. My $RY returns is already at 103%+
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11 Comments
Raj @double_oh · 3d
Personally I prefer to rotate between the banks opportunistically. I also specifically allocated capital to NA and EQB (7the largest bank) due to the fact that they're smaller and more nimble.
More diversification could be good I guess - I would actually recommend HBNK over RBNK - tracks the same companies with 1/3rd the MER
Mike L@noviceadvisor · 3d
$RBNK is half split BMO and BNS if that doesn't bother you
Brian @ellabella2015 · 3d
Personally I would not sell off, but I would consider buying into ETF'S or Split Share Class A stocks $LBS with future investment funds while continuing to DRIP your bank stocks and build up from there. Holding a solid base of dividend aristocrats is a good thing over time.
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