Canadian Money Forum banner

Buying Canadian bank stock

7565 Views 5 Replies 6 Participants Last post by  Rickson9
Our financial advisor was reluctant to have us purchase bank stock for the dividend income this spring. In your opinion is that still a valid scenario? Some news today about Bmo being in trouble.
1 - 1 of 6 Posts
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'.
1 - 1 of 6 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.