Tuesday, January 12, 2016

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.

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.


  1. Don't worry IP. Those same people would blame you for being a shareholder and killing off jobs to get an extra penny because "only rich people" are shareholders.

    Here in the US they blame many of our banks for 2008...except many of those banks didn't cause 2008 and many were forced by the federal government to accept aid and merge with other firms

  2. I love banks, they will make money no matter what. I'll continue holding and buying more Canadian bank stocks. :)

    1. Tawcan,

      The banks in Canada are pretty good investments for sure. Easy to sleep well at night holding any of the big 5.