I think its nuts to buy anything "for the dividend income". The payment of a dividend creates an equal and offsetting capital loss. To not consider BOTH income and capital returns together is 'turning a blind eye'.
Today's news says BMO announced better-than expected profits yesterday, and this helped boost the TSX/S&P. So there must be some other reason your advisor is down on financials. Perhaps he thinks they are overvalued. But with the value they lost in the melt down I would think it would be time to buy. But I agree with leslie that buying them mainly "for the dividend income" is too narrow thinking, and maybe that's what's bothering your advisor. He may be concerned that the dividends will not meet your expectations.
Is there a strategic approach to determining when to make RRSP/RRIF withdrawals during the year to derive benefits or reduce risk/drawbacks?
When I retire, my dividends will form the base of my retirement income. However, I also want to start withdrawing from my RRSP using VPW but can still be...
I applied OAS and GIS early April, 2020 online and I was wondering how long the processing times will take these days due to the current situation (pandemic)?
Thank you for sharing your experiences.
Hi experts, I have a simple question -- according to government website:
You can receive your OAS pension benefit payment outside the country if you:
resided in Canada for at least 20 years after turning 18; or
Question: I am 66 now and I am living in Canada. I have been receiving OAS...
A forum community dedicated to Canadian personal finance enthusiasts. Come join the discussion about investing, stock portfolios, equities, frugality, real estate, market trading, taxation, retirement, and more!