09-04-2018, 10:07 PM
I was sleepy last night and forgot an obvious addition.
Big Canadian Banks.
Much much safer than their US counterparts, though quite a few of the Canadian ones also have operations in the USA (and other countries) which might increase their expose a bit. But the Canadian side, even with the housing bubble in some of the major cities, is on a solid foundation. That housing bubble can be seen as a medium sized risk, another one would be a massive drop in oil prices as the Canadian economy is still quite tied to it. And then there is of course a global recession but then everything comes down.
CIBC is my favourite and not that far back you could grab it at ridiculously low valuations. It's not expensive now either. But do research on all of the big 5 and I'm sure you'll find one that fits you. In the current environment you're looking at a 3% - 5% yield with nice increase in the dividend each year.
Big Canadian Banks.
Much much safer than their US counterparts, though quite a few of the Canadian ones also have operations in the USA (and other countries) which might increase their expose a bit. But the Canadian side, even with the housing bubble in some of the major cities, is on a solid foundation. That housing bubble can be seen as a medium sized risk, another one would be a massive drop in oil prices as the Canadian economy is still quite tied to it. And then there is of course a global recession but then everything comes down.
CIBC is my favourite and not that far back you could grab it at ridiculously low valuations. It's not expensive now either. But do research on all of the big 5 and I'm sure you'll find one that fits you. In the current environment you're looking at a 3% - 5% yield with nice increase in the dividend each year.