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Finance & Stock Groups Forum Index » Stock Investments » canadian financials
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| jimmy |
 Posted: Wed Nov 26, 2008 7:29 pm |
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Guest
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I'm looking for a mutual fund that is heavy on canadial financials.
Any suggestions on how I might research this?
thanks |
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| BuffetHater |
| Posted: Wed Nov 26, 2008 7:29 pm |
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Guest
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Quote: If oil picks up, and I expect it to by Washington's Birthday, you may want to
speculate with Canadian Western Bank traded on the Toronto Exchange.
Canadian Oil Sands pays 18% & distribs monthly. And, if you play it
right there is damn good chance at foreign exchange appreciation
because
we don't print as many dollars as y'all.
IMO i would wait till after tax selling and the Bell Canada deal is
resolved
before throwing money into canadian shares. You are wise to get money
out of the Untied States.
How far are you from the border? A number of great bond and stock
brokers in toronto that will not open or do business in the Great
Satan. |
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| BuffetHater |
| Posted: Wed Nov 26, 2008 7:29 pm |
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Guest
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Quote: Sounds good but BMO I-line charges me $25 per trade in my rrsp acct.
Is there a way around that?
TD charges $6.95. Your RRSP (canuck version of 401K) will cost at
least
$100 to take elsewhere. Then there are the funding issues, it makes
sense
to keep your a/c and banking at the same place.
Intereactive brokers is now up and running in canada but we have the
same
old transfer issues. I don't have RRSP's as i have exceeded the age
man-
dates surrounding them . . . you seem interested in yield which is
fine,
but don't surrender to that temptation only to find capital losses.
Again, if you are able, good&solid corporate bonds are paying from
5-14%
depending on your risk levels. I have been buying Ford and GM bonds
at huge discounts thru Friedberg Mercantile (google em, they have a
dis-
count division and have been around forever.)
Stocks are not the only asset class about to jump big time, Bonds will
do
very well if the i o U s a cuts interest rates to zero. If that goes
down, bonds
are the place to be. |
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| John Galt |
| Posted: Wed Nov 26, 2008 7:39 pm |
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jimmy wrote:
Quote: I'm looking for a mutual fund that is heavy on canadial financials.
Any suggestions on how I might research this?
thanks
1) Get the symbols of canadian-oriented mutual funds from the majors
(Vanguard, Fidelity, T Rowe Price......)
2) Look the symbols up Morningstar -- they list the top 25 holdings of
each company.
Fidelity Canada is more of a commodity play, if memory serves.
JG |
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| Lubow |
| Posted: Wed Nov 26, 2008 8:03 pm |
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"jimmy" <bigtoehere@hotmail.com> wrote in message
news:e6nqi4937vipoedk7l6lo9u11v248tadd2@4ax.com...
Quote: I'm looking for a mutual fund that is heavy on canadial financials.
Any suggestions on how I might research this?
thanks
Why even bother? Five of the largest six Canadian banks plus Manulife and
SunLife, the two largest Canadian life insurers, are listed on the NYSE. What
else would you need?
If oil picks up, and I expect it to by Washington's Birthday, you may want to
speculate with Canadian Western Bank traded on the Toronto Exchange. |
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| jimmy |
| Posted: Wed Nov 26, 2008 8:04 pm |
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On Wed, 26 Nov 2008 11:28:51 -0500, "Lubow"
<lubow@lubowindustries.com> wrote:
Quote:
"jimmy" <bigtoehere@hotmail.com> wrote in message
news:34tqi4tvqi75k722cjbqc59ofeif571msn@4ax.com...
On Wed, 26 Nov 2008 10:12:28 -0500, "Lubow"
lubow@lubowindustries.com> wrote:
"jimmy" <bigtoehere@hotmail.com> wrote in message
news:e6nqi4937vipoedk7l6lo9u11v248tadd2@4ax.com...
I'm looking for a mutual fund that is heavy on canadial financials.
Any suggestions on how I might research this?
thanks
Why even bother? Five of the largest six Canadian banks plus Manulife and
SunLife, the two largest Canadian life insurers, are listed on the NYSE. What
else would you need?
I'd prefer to not bet on individual stocks. I'd like to make a fairly
conservative play on the sector in general. Is that bad?
Not bad if you like paying fees. Take invest 20% of your cash in each of the
five NYSE traded Canadian banks. How does that sound?
Sounds good but BMO I-line charges me $25 per trade in my rrsp acct.
Is there a way around that? |
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| jimmy |
| Posted: Wed Nov 26, 2008 8:04 pm |
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Guest
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On Wed, 26 Nov 2008 10:12:28 -0500, "Lubow"
<lubow@lubowindustries.com> wrote:
Quote:
"jimmy" <bigtoehere@hotmail.com> wrote in message
news:e6nqi4937vipoedk7l6lo9u11v248tadd2@4ax.com...
I'm looking for a mutual fund that is heavy on canadial financials.
Any suggestions on how I might research this?
thanks
Why even bother? Five of the largest six Canadian banks plus Manulife and
SunLife, the two largest Canadian life insurers, are listed on the NYSE. What
else would you need?
I'd prefer to not bet on individual stocks. I'd like to make a fairly
conservative play on the sector in general. Is that bad?
Quote:
If oil picks up, and I expect it to by Washington's Birthday, you may want to
speculate with Canadian Western Bank traded on the Toronto Exchange.
CWB has been in a steady decline for almost a year. How do you link
that to oil aside from the fact that it's a western canadian bank? |
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| Lubow |
| Posted: Wed Nov 26, 2008 8:04 pm |
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Guest
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"jimmy" <bigtoehere@hotmail.com> wrote in message
news:34tqi4tvqi75k722cjbqc59ofeif571msn@4ax.com...
Quote: On Wed, 26 Nov 2008 10:12:28 -0500, "Lubow"
lubow@lubowindustries.com> wrote:
"jimmy" <bigtoehere@hotmail.com> wrote in message
news:e6nqi4937vipoedk7l6lo9u11v248tadd2@4ax.com...
I'm looking for a mutual fund that is heavy on canadial financials.
Any suggestions on how I might research this?
thanks
Why even bother? Five of the largest six Canadian banks plus Manulife and
SunLife, the two largest Canadian life insurers, are listed on the NYSE. What
else would you need?
I'd prefer to not bet on individual stocks. I'd like to make a fairly
conservative play on the sector in general. Is that bad?
Not bad if you like paying fees. Take invest 20% of your cash in each of the
five NYSE traded Canadian banks. How does that sound? |
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| jimmy |
| Posted: Fri Nov 28, 2008 7:44 pm |
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Guest
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On Wed, 26 Nov 2008 09:44:44 -0800 (PST), BuffetHater
<BuffettHater@gmail.com> wrote:
Quote: Sounds good but BMO I-line charges me $25 per trade in my rrsp acct.
Is there a way around that?
TD charges $6.95. Your RRSP (canuck version of 401K) will cost at
least
$100 to take elsewhere. Then there are the funding issues, it makes
sense
to keep your a/c and banking at the same place.
Intereactive brokers is now up and running in canada but we have the
same
old transfer issues. I don't have RRSP's as i have exceeded the age
man-
dates surrounding them . . . you seem interested in yield which is
fine,
but don't surrender to that temptation only to find capital losses.
Again, if you are able, good&solid corporate bonds are paying from
5-14%
depending on your risk levels. I have been buying Ford and GM bonds
at huge discounts thru Friedberg Mercantile (google em, they have a
dis-
count division and have been around forever.)
This is new to me. Are these the F1C & GM1C single stock futures?
Quote: Stocks are not the only asset class about to jump big time, Bonds will
do
very well if the i o U s a cuts interest rates to zero. If that goes
down, bonds
are the place to be. |
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