Quote:
Originally Posted by macker
I would imagine that 90% of this board owns RY either directly or indirectly as a top 10 holding. Name me another Canadian company as dominant in so many areas : insurance, mortgages, investments, banking etc. Not trying to come into an OAS thread and get into a TFSA but all banks aren't equal and RBC has been a leader in investment performance and investment cost containment. Truly independent investors/advisors will recognize this and there is no conflict of interest in the facts.
http://funds.rbcgam.com/learning-cen...investing.html
Even other banks like National Bank realized they couldn't keep up and came out with Meritage Portfolios years ago for this very reason. Complete objectivity. Just didn't get the unwarranted blanket bank hate is all.... |
TD sells more insurance than RBC, and arguably has the best bond desk in Canada. It's great that you and a lot of other people in Canada own RBC stock; but there are definitely other options. Truth be told if you took the names off the pages and compared some of the financials between Canadian and US banks you might be in for a surprise! Some of those US banks aren't looking anywhere near as risky (contrary to popular belief). Although, I suppose that would mean that I'm not "truly independent" to take it that far?
