Here in Canada our banks are fairly safe.
Recently I watched CIBC which has a dividend of 5.27% go down to about 98.
I was thinking of buying and holding on (Which I would have). It is back around 110 at the moment. So I would have made 13% and had a nice dividend on top of that if I held it.
Let's say you aren't interested in day trading or spending your whole life investigating new companies/ventures and you just want to buy some very safe Canadian index based companies and sell based on cycles of ups and downs while taking advantage of dividends.
What would the masters here recommend :)
Submitted September 27, 2019 at 09:49PM by AlarmingStrategy https://ift.tt/2mvdtVL
