With hurricane season and several making their way up the North American eastern seaboard, eventually one will hit over the years and most of Atlantic Canada is still dealing with hurricane Fiona that whipped through here last weekend. Power still out in areas as damage continues to be assessed while the clean up continues for awhile.
The now-iconic pictures of Josh Savery’s family home in Port aux Basque, N.L., teetering on the edge of a cliff captured the terror of post-tropical storm Fiona in a single image. While the famous picture reminds the family of what they lost, it also attracted an outpouring of sympathy and kindness.
I certainly don't want to see another one hit this year making things even worse. Lots of people lost their homes and/or had property damage. I think about Ukraine on how those people are going through that on a daily basis with no end in sight to that war.
Makes you think of personal issues and how others have it a lot worse to put it all into perspective and cope with life's problems.
In this season of storms on our east coast, the Markets and Crypto continue to behave like a tropical storm with continued fear and selling going on.
On my end, I'll hold and look long term as always and with the stocks, I'll look for bargains with dollar cost averaging purchases: a Google search definition of how that works.
Dollar-cost averaging involves investing the same amount of money in a target security at regular intervals over a certain period of time, regardless of price. By using dollar-cost averaging, investors may lower their average cost per share and reduce the impact of volatility on the their portfolios.
The big banks in Canada are overall down and I figure it's a good time to buy individually or in a bank related ETF. For example, BNS or Bank of Nova Scotia is down from the $90 CAD range at the start of the year to mid $60's as of today so there's potential upside or gains in the future and has a dividend of $1.03 per share with an ex-dividend date of October 3rd for the bank's quarterly cash payment to holders.
The dividend is an increase this year since the Banks couldn't adjust their dividends during the pandemic start of 2020 until allowed to do so.
In a Fund, I hold Brompton's, Split Share Class A ... Brompton Split Banc Corp.: SBC, which holds the major banks plus select financials in North America in a dividend paying ETF. SBC pays a monthly cash dividend. There are many ETF's out there that carry banks so an individual's preference as always with DIY investing.
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