Thanks for the kind words infinii and Dawgball.
SLF or MFC are two great insurance plays also trade in the US. both are good stocks.
SLF yields 2.21% PE 15.8. counting div, should do 10% a year long term. the odd year will disapoint but a good stock, throws off cash.
BNS is a good cnd. bank stock. 3.06% yield, 14.4pe.
do not expect much from the banks this year maybe 10%. however the div is safe and they have a habit of increasing the div every year or two.
believe it will trade in a narrow range and upside to maybe 48-50 this year. however if you are long term investor sit back and enjoy increased div. and earings.
as for BNS div just a good fund and is up over 17% for the year.
most div funds have done well but this has low mer, and low min $500 and no load. good way to buy into cdn. financials.
would expect on average 10%-12% for this fund over the years...... beat a GIC even if it gets half.
was looking at some past picks and found the thread where you asked about Chou fund Associates
did you buy? did 9.73% for one year, good, he is a deep value manager.
also talked about Mawer new Canada 15%
and Saxon small cap 16%. for the year
actually thought Mawer New Canada would do better...it was until the last few months....
both good small caps Mawer New Canada is closed for now,
both $5000 min. more volatile. also Mawer has more exposure to oil and gas....depends on the week wether that is a good or bad thing....lol
good luck
going to post most of my shareclub past picks and current for an update. also did a small presentation on income trusts.
last year managed to pick the worse one out of 250.....
thanks
selkirk
