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I've been pretty lucky with Canadian bank stock. In Canada, there's pretty much zero competition in the banking industry because of how it's regulated. The ris
by cmer 13y ago
I've been pretty lucky with Canadian bank stock.
In Canada, there's pretty much zero competition in the banking industry because of how it's regulated. The risk is generally minimal (not factoring macro economic risks) and the returns somewhat steady.
These stocks typically will return a 3% dividend plus some minimal growth. Add it all up and it's fairly easy to get a 5% return if you diversify a bit. I personally own BMO and RY. It has worked well.
- abofh 13y agogo back 5 years; I have some IBOC that's just breaking even =)
- cmer 13y ago5 year on BMO and RY: http://www.google.com/finance?q=bmo&ei=FjDOUqiwMZGQqwHDJQ http://www.google.com/finance?q=bmo&ei=FjDOUqiwMZGQqwHDJQ http://www.google.com/finance?q=ry&ei=GzDOUtiwAoGEqgHvUA http://www.google.com/finance?q=ry&ei=GzDOUtiwAoGEqgHvUA Plus 3.77% and 4.34% yield, it's not a bad deal at all!