Bank Stks
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Started by wglassfo - March 17, 2020, 12:14 p.m.

Would now be as good a time as any to buy bank stks

Assuming one has 30% of portfolio in cash of greater than 50,000 cash

Our canadian banks have never failed to pay a dividend since the depression and even during the great depression

At todays stk value our bank dividend is aprox 7%

Not knowing where the bottom is, one would buy in small amounts, over time

The trick is to not run out of money before the bottom happens

However, asssuming the banks still pay a dividend, what does it matter the asset or stk value

7% beats any other investment other than a straight short of stks or the index

We are not professional traders thus taking a short position could be dangerous

We assume banks protffolio of non performing loans will increase

We assume if int goes below 0% margins on loans will be less

However, in Canada, if the banks broke traddition and did not pay a dividend then our system is truly broken 

What say you about buying bank stks in small increments

We are looking at the int or dividend more so than stk value


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Re: Bank Stks
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By buck1400 - March 17, 2020, 12:40 p.m.
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IMHO, it is too early.  Learned that lesson in '09.  There will be plenty of time to buy.