Joined
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a couple years ago forum member Argonaut posted his concept of 5 leading canadian stocks as being suitable for tfsa accounts.
he had selected the 5 winners from a field of stocks widely held by equity etfs on a choose-the-winners-&-avoid-the-losers basis.
soon, the handy ready-to-go prepack came to be known as argo's 5-pack. Although the individual stocks were to change from time to time, the basic takeout kit would nearly always include a bank, a pipeline, a telco, a railroad & a real estate trust unit. Occasionally, it seemed, a utility would replace the railroad.
the problem has always been that updates for argo's 5-pack would appear here & there on a random basis. Sometimes in tfsa discussions, sometimes in What are You Buying thread, etc.
what i'm proposing is that the 5-pack, which argo uses for his tfsa account, have its own thread so that forum members can find its current version plus comments easily.
i'd like to make clear that other people would comment on the proposed thread, it should not be just the responsibility of Argonaut as that might be a wearisome burden for him. Recipe Monday, which was so great a success that it became a sticky, had one master chef - Brad - but other cooks tossed in amazing recipes whenever they felt like it.
here is the latest iteration of argo's 5-pack. For the first time, td bank has disappeared, to be replaced by bns.
he had selected the 5 winners from a field of stocks widely held by equity etfs on a choose-the-winners-&-avoid-the-losers basis.
soon, the handy ready-to-go prepack came to be known as argo's 5-pack. Although the individual stocks were to change from time to time, the basic takeout kit would nearly always include a bank, a pipeline, a telco, a railroad & a real estate trust unit. Occasionally, it seemed, a utility would replace the railroad.
the problem has always been that updates for argo's 5-pack would appear here & there on a random basis. Sometimes in tfsa discussions, sometimes in What are You Buying thread, etc.
what i'm proposing is that the 5-pack, which argo uses for his tfsa account, have its own thread so that forum members can find its current version plus comments easily.
i'd like to make clear that other people would comment on the proposed thread, it should not be just the responsibility of Argonaut as that might be a wearisome burden for him. Recipe Monday, which was so great a success that it became a sticky, had one master chef - Brad - but other cooks tossed in amazing recipes whenever they felt like it.
here is the latest iteration of argo's 5-pack. For the first time, td bank has disappeared, to be replaced by bns.
Bought 88 shares of BNS today, was about that much cash available in TFSA. Argonaut 5-pack finally has its new 5th leg. Current iteration, yield of 4%:
Inter Pipeline
RioCan REIT
CN Rail
Telus
Bank of Nova Scotia
The replaced Fortis is down from where I sold it in April, and Scotia is down since then too so it worked out okay. BNS might shed a couple bucks but I think downside is minimal.
Their recent moves are a stroke of genius. Selling a high value asset in their Toronto tower that doesn't produce meaningful revenue, and then buying ING Canada which increases their assets under management and earnings potential in one fell swoop. Add in all the growth potential in their international business, and I like it a lot. Buy buy buy.