How Often Is This Heard?

      As the days go by every year, we hear of the Canadian Banks making record profits.  When the banks announce there earnings, you often hear people say "the banks are crooks" or the banks made X amount of profit this quarter.
      Most people like to focus on the negative with the bank profits, but I like to focus on  how to benefit from these profits.  As an investor, these record profits are an opportunity.  The Canadian banks have been paying dividends for over 100 years.  The banks end up sharing these profits with investors in the form of rising dividends.  I currently only shares in 4 of these banks are and gladly will accept the dividends that are paid out to me.
       I can sleep well at night as I am comfortable knowing the banks in Canada are well run and follow strict rules .

 Disclosure: own shares in RY, TD, BNS, BMO and long all these stocks.

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.