The TSX closed out February at 14,136. Here we are thirty days later and it's not quite back to that level. The close today was 14,083. What puzzles me is the fact that my stuff hit a new multi-year high today. It's a beautiful world! Guess I'm holding the good stuff at the moment. I won't brag too much because we all know how quickly the markets can turn.
One thing I know for sure is that I'm loving my Canadian banks. My longest hold is TD. I bought TD in February 2008 at $69.50. They closed today at $86.40. Plus, I've received some great dividends along the way. Sweet! My much more recent acquisitions of BMO and RBC are doing remarkably well in the short time I held them. When tempted to sell and take the profit I must remember what that guy said on BNN a while ago. "Canadian banks have outperformed the markets every year since 1967". Ya, I gotta remember that.
Tomorrow we close out the month of March and the the first quarter of 2011. I'm not saying a thing that could be construed as a prediction. Seems every time I do that the market swings in the opposite direction as though to prove once again that I'm not the sharpest knife in the drawer.
One thing I know for sure is that I'm loving my Canadian banks. My longest hold is TD. I bought TD in February 2008 at $69.50. They closed today at $86.40. Plus, I've received some great dividends along the way. Sweet! My much more recent acquisitions of BMO and RBC are doing remarkably well in the short time I held them. When tempted to sell and take the profit I must remember what that guy said on BNN a while ago. "Canadian banks have outperformed the markets every year since 1967". Ya, I gotta remember that.
Tomorrow we close out the month of March and the the first quarter of 2011. I'm not saying a thing that could be construed as a prediction. Seems every time I do that the market swings in the opposite direction as though to prove once again that I'm not the sharpest knife in the drawer.
Good Luck and Happy Investing!
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