Saputo, Enbridge, Trancanada, and Sun life (barely).
Canadian Banks
Re: Canadian Banks
Re: Canadian Banks
And I own them all . I guess that means that I can relax .SQRT wrote: ↑21 Apr 2017 13:16Saputo, Enbridge, Trancanada, and Sun life (barely).
Actually, I have done no buying of equity for over a year. I occasionally scan the buy thread and have felt tempted to post that I have purchased a few pairs of pants. So far I have resisted the urge .
I do not need to buy because the dividends just keep on flowing in. I do not need to sell because... the dividends just keep on flowing in. How convenient!!!
BTW, I just finished doing my taxes. On combined (me and spouse) taxable income of 75K$, we paid 0.00$ of federal tax and 313$ of provincial tax for all of 2016!!! ( I have excluded RRQ contributions/RQAP contributions/Fonds service santé/Health tax the latter two totalling 300$).
"The term is over: the holidays have begun. The dream is ended: this is the morning."-C.S.Lewis, The Last Battle
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Re: Canadian Banks
How did they miss CNR ?SQRT wrote: ↑21 Apr 2017 13:16Saputo, Enbridge, Trancanada, and Sun life (barely).
On the 20 year chart it has beat the big banks and the others to boot.
Re: Canadian Banks
He said there were only 10 stocks that beat the TSX60 over 1,3,5,and 10 year periods. So consistency key over these 4 periods.rhenderson wrote: ↑21 Apr 2017 16:49How did they miss CNR ?
On the 20 year chart it has beat the big banks and the others to boot.
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Re: Canadian Banks
I don't know where he gets his data, charting at the TSX site shows that CNR handily beats the banks and the others for the 1,3,5 and 10 year periods.SQRT wrote: ↑21 Apr 2017 18:37He said there were only 10 stocks that beat the TSX60 over 1,3,5,and 10 year periods. So consistency key over these 4 periods.rhenderson wrote: ↑21 Apr 2017 16:49How did they miss CNR ?
On the 20 year chart it has beat the big banks and the others to boot.
As for SLF, I bought that pile of dogsh*t 10 years ago for $52 and today it's below $ 48. At least the index is close to where it was 10 years ago.
Re: Canadian Banks
Not sure. Agree about SLF. I also bought ten years ago. Sold it 7 years ago. Don't like insurance co's. Poor management, really opaque F/S, low returns on capital, very long duration balance sheets.rhenderson wrote: ↑22 Apr 2017 12:31I don't know where he gets his data, charting at the TSX site shows that CNR handily beats the banks and the others for the 1,3,5 and 10 year periods.SQRT wrote: ↑21 Apr 2017 18:37He said there were only 10 stocks that beat the TSX60 over 1,3,5,and 10 year periods. So consistency key over these 4 periods.rhenderson wrote: ↑21 Apr 2017 16:49
How did they miss CNR ?
On the 20 year chart it has beat the big banks and the others to boot.
As for SLF, I bought that pile of dogsh*t 10 years for $52 and today it's below $ 48. At least the index is close to where it was 10 years ago.
Re: Canadian Banks
I bought SLF eight years ago and I'm up 77% (excluding dividends). I guess timing really is everything.rhenderson wrote: ↑22 Apr 2017 12:31 As for SLF, I bought that pile of dogsh*t 10 years ago for $52 and today it's below $ 48. At least the index is close to where it was 10 years ago.
Re: Canadian Banks
According to the article, they used the following criteria:rhenderson wrote: ↑22 Apr 2017 12:31
I don't know where he gets his data, charting at the TSX site shows that CNR handily beats the banks and the others for the 1,3,5 and 10 year periods.
Charting on the TSX site shows price performance, but doesn't factor in the dividends. CNR has a small dividend compared to the banks, so I guess it's conceivable that CNR didn't beat the banks on total return (i.e. price appreciation plus dividends).... we looked for stocks that have outperformed the index (after factoring in dividends) over one-, three-, five- and 10-year periods. This rigorous test ensures stocks have done well over short and longer-term horizons - and stand a reasonable chance of ongoing success.
Re: Canadian Banks
And I bought it 5 years ago for ~$22, then sold half a couple years ago for $45. I think it has turned out to be one of my better purchases.rhenderson wrote: ↑22 Apr 2017 12:31 As for SLF, I bought that pile of dogsh*t 10 years ago for $52 and today it's below $ 48. At least the index is close to where it was 10 years ago.
Re: Canadian Banks
Using Longrun Data which incorporates divs into a total return metric, over a 20 year period, CNR has indeed outperformed RY by about 5% per year. Very impressive. I can only surmise that it didn't make the list because if did not outperform the TSX60 for at least one of the 1/3/5/10 year periods.
What he didn't explain is whether he compared the various names to the TSX60 excluding that particular name. Probably should have but probably didn't. It could be important for some of the larger companies.
Re: Canadian Banks
I purchased on May 17, 2012. Have held. Up 120% excluding divs. (Mind you, SLF was purchased with the sale proceeds of MFC. Loss on MFC was 42%. Putting the two together leaves me with but a modest gain in the lifeco space. Overall, likely supportive of SQRT's thesis.)Jo Anne wrote: ↑22 Apr 2017 20:21And I bought it 5 years ago for ~$22, then sold half a couple years ago for $45. I think it has turned out to be one of my better purchases.rhenderson wrote: ↑22 Apr 2017 12:31 As for SLF, I bought that pile of dogsh*t 10 years ago for $52 and today it's below $ 48. At least the index is close to where it was 10 years ago.
Re: Canadian Banks
Moody's downgrades credit ratings for Canada's Big 6 banks
Moody's says high debt levels and soaring house prices could be bad news for Canada's big banks, and has downgraded their credit rating as a result.
Moody's says high debt levels and soaring house prices could be bad news for Canada's big banks, and has downgraded their credit rating as a result.
Re: Canadian Banks
Shouldn't be a surprise given the 'wild west' real estate market in a number of places. IMO, bank stock prices will continue their 2017 slide for some time to come yet and perhaps end the year lower than current levels even. They simply got ahead of themselves given the state of the Cdn economy and the likely net outflows of international investors from Canada. There is not much to like here now:
- Huge government deficits at various levels with nothing to show for it in GDP growth
- Anemic job and economic growth
- Likely targeted trade wars, or at least disruptions, with our oligarchy to the south
- Continued softness in most commodity prices
- Seemingly inability to get a single oil pipeline built
- Carbon taxes likely being wasted on misguided projects
- Resulting in continued deterioration in our currency
If you were an International investor, would you not pick up your marbles and leave?
- Huge government deficits at various levels with nothing to show for it in GDP growth
- Anemic job and economic growth
- Likely targeted trade wars, or at least disruptions, with our oligarchy to the south
- Continued softness in most commodity prices
- Seemingly inability to get a single oil pipeline built
- Carbon taxes likely being wasted on misguided projects
- Resulting in continued deterioration in our currency
If you were an International investor, would you not pick up your marbles and leave?
finiki, the Canadian financial wiki The go-to place to bolster your financial freedom
Re: Canadian Banks
Add in the BC election results. We have serious economic problems and it will effect our standard of living and we keep going in the wrong direction.AltaRed wrote: ↑11 May 2017 11:31 Shouldn't be a surprise given the 'wild west' real estate market in a number of places. IMO, bank stock prices will continue their 2017 slide for some time to come yet and perhaps end the year lower than current levels even. They simply got ahead of themselves given the state of the Cdn economy and the likely net outflows of international investors from Canada. There is not much to like here now:
- Huge government deficits at various levels with nothing to show for it in GDP growth
- Anemic job and economic growth
- Likely targeted trade wars, or at least disruptions, with our oligarchy to the south
- Continued softness in most commodity prices
- Seemingly inability to get a single oil pipeline built
- Carbon taxes likely being wasted on misguided projects
- Resulting in continued deterioration in our currency
If you were an International investor, would you not pick up your marbles and leave?
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Re: Canadian Banks
there will always be issues facing the banks. always have been, always will be. whatever the issues they are facing the banks consistently find a way to make more money.
Re: Canadian Banks
Certainly, but that is not the point. The point is they were priced to perfection earlier this year....and no one should be expecting earnings growth or capital appreciation in the short term.rharvey199 wrote: ↑11 May 2017 12:53 there will always be issues facing the banks. always have been, always will be. whatever the issues they are facing the banks consistently find a way to make more money.
finiki, the Canadian financial wiki The go-to place to bolster your financial freedom
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Re: Canadian Banks
After the 2008 debacle, Lehman Bros,Bear Bear Stearns, Merrill Lynch, AIG, Fannie Mae S&P, etc does anybody care/ believe the credit ratings S&P, Moody’s and Fitch are putting out? Big bank believers should go back and look at last year's spring budget and plans for how bank failures will be handled.
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Re: Canadian Banks
fair but cdn banks are long term holds, more like portfolio anchors, IMO. so if there isn't a short term catalyst then an investor gets paid the dividend to wait.AltaRed wrote: ↑11 May 2017 13:03Certainly, but that is not the point. The point is they were priced to perfection earlier this year....and no one should be expecting earnings growth or capital appreciation in the short term.rharvey199 wrote: ↑11 May 2017 12:53 there will always be issues facing the banks. always have been, always will be. whatever the issues they are facing the banks consistently find a way to make more money.
Re: Canadian Banks
Indeed. No complaints here holding 4 of the big 5.
finiki, the Canadian financial wiki The go-to place to bolster your financial freedom
Re: Canadian Banks
I'll bet it's the bank most likely to walk into a sharp object (CIBC).
Re: Canadian Banks
I've never owned CIBC. Too much history running into sharp objects. Maybe doing that again with them chasing their US target....and who knows about their HCG adventure (though that one is petty cash in the overall scheme of things).
FWIW, I am over-committed to banks in general.Probably should own only 3 but hard to let go.
Added: I now see Peter has a sharp mind....
FWIW, I am over-committed to banks in general.Probably should own only 3 but hard to let go.
Added: I now see Peter has a sharp mind....
finiki, the Canadian financial wiki The go-to place to bolster your financial freedom
Re: Canadian Banks
I own all six individual equities in the big banks, at different dollar amounts. Around them I own a few smaller amounts of what I would term experimental stocks in the financial sector. I don't do financial analysis so diversification works for me.
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Re: Canadian Banks
I've owned them all at one time or another, but never at the same time. I'm agnostic as to which ones to hold, preferring to go with that which is statistically cheapest at the time of purchase. That approach has never let me down.
They have all returned a similar rate-of-return over time. The most favoured does not and has not outperformed the sharp object bank. All have been quite agreeable. Having said that, I don't own any bank shares directly at this point in time, but that was a conscious decision on my part.
They have all returned a similar rate-of-return over time. The most favoured does not and has not outperformed the sharp object bank. All have been quite agreeable. Having said that, I don't own any bank shares directly at this point in time, but that was a conscious decision on my part.
"On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?"
Thomas Babington Macaulay in 1830
Thomas Babington Macaulay in 1830
Re: Canadian Banks
I own and prefer TD because of it's large US footprint. I have some RY as well. I chose RY because over time it has been the most successful at growing it's balance sheet. It is also a serious player in US capital markets.