I’ve just watched a video on tiktok stating that trumps administration is going to sanction a bank on Monday. The creator stated he believes it’s going to be a Canadian bank specifically $TD or $RY, that makes me worried as TD is a massive part of my portfolio. I’ve amassed a 41% upside DCA ing in the last year, I feel it’s time to reallocate into the etf that tracks all the 6 banks or something because I can’t lie I’m aware of what TD has been exposed for doing and it makes sense that it is possible. However, $TD also already has a massive retail presence in the US and is regulated so would it make sense to sanction them.. I think I’m going to be selling my position on Monday…
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23 Comments
Harvey Specter@harveyspecter · 5d
if td crashes i would do the opposite of selling and i would back up the truck and buy more…
Satwinder Singh@thevalueinvestor · 5d
Nadia ignore the short term noise and keep your focus on the long term. You’ll do just fine over time with any canadian bank. And honestly this administration is just nuts so don’t even waste your energy paying attention to them.
Dinner @dinner.jacket · 5d
No reason to panic. TD has over ten million U.S. customers—about three percent of the population. But that understates the real exposure: many accounts belong to businesses or the sole breadwinner in a household, so freezing them could strand paychecks for tens of millions more. And if sanctions touch the dollar itself, U.S. corporations could be unable to pay their own American employees’ families. Trump wouldn’t devastate that many Americans
Matt @tissuet · 5d
I am more worried about Trump trying to make the Canadian dollar stronger, that would be devastating to my portfolio
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