I enjoy reading the various blogs, newsletters and articles based on dividend investing. Interesting cross section with different viewpoints, strategies, portfolios and information while seeing an interesting gem to jot down, research and invest in from time to time.
Many a portfolio have some of the same stocks as I do while others have others that work for them and then there are those that are sold with usually a reason why.
This month, I'll add to TD Bank and going by the Graham Number, TD is undervalued. With interest rates dropping sometime this year (hopefully) the big bank stocks will probably increase in price slowly but that's an assumption as always on my part.
The 8th of April is the ex-dividend date for TD and the same day as the much anticipated viewing of the total solar eclipse.
TD did not list HISAs or High Interest Savings Account ETFs after they became more popular with high yields while the elevated interest rates continue but they have recently launched a cash type ETF that works in a similar fashion. Resetting to $50 when the distribution date is announced with a 5% yield. TCSH, or TD Cash Management ETF pays it's first distribution on the 4th of April.
Perhaps an opportunity for cash that is standing by for a future investment and can earn interest income in the meantime while ETFs can be bought and sold anytime during market hours. A good time to buy is when TCSH resets to $50.
When the Bank of Canada does lower interest rates it will slowly bring down the yields on the HISAs and possibly TCSH but for now, it's a wait and see situation.
For more on HISAs and a point of view on the Tawcan blog with Bob and his research on them ... Best High Yield Canadian HISA ETFs
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