The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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90 days – 1.60%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-03-07. Click on the link above to get more details or apply online.
November 2013 Dividend Income Update
– myownadvisor.ca
Welcome to my latest dividend income update, my Christmas-is-approaching-very-fast-edition. For those of you new to these posts on my site, every month I discuss my approach to investing using dividend paying stocks and how reinvesting the dividends paid from the Canadian companies I own are helping me reach financial freedom. You can check out my previous dividend income update here.
For the last few months, I’ve hinted about focusing more on low-cost Exchange Traded Funds (ETFs) to diversify my portfolio in 2014. Those plans are still intact but I’m not going to leave dividend investing behind in favour of just indexing anytime soon, not by a long shot. I’m convinced my plan to buy and hold many of Canada’s largest companies (along with indexing using ETFs) will pay off long-term and even in the short-term, it will serve me well.
Let’s look at two examples, recently, where the following companies I own announced dividend increases and 2-for-1 stock splits:
For the last few months, I’ve hinted about focusing more on low-cost Exchange Traded Funds (ETFs) to diversify my portfolio in 2014. Those plans are still intact but I’m not going to leave dividend investing behind in favour of just indexing anytime soon, not by a long shot. I’m convinced my plan to buy and hold many of Canada’s largest companies (along with indexing using ETFs) will pay off long-term and even in the short-term, it will serve me well.
Let’s look at two examples, recently, where the following companies I own announced dividend increases and 2-for-1 stock splits:
National Bank
TD Bank
This other company I own hiked its dividend by 11% as well…
5.5 year – 2.35%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2013-11-09. Click on the link above to get more details or apply online.
Regulators face fierce opposition to wealth management reforms
– theglobeandmail.com
An update from the Canadian Securities Administrators suggests efforts to rein in mutual fund fees, conduct standards are slowing
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online.
