Quote:
Originally Posted by Fuzz
Did you just pick the 2022 high to use as your point? I could pick the $78 low in 202 to "prove" it almost doubled. That's being silly though. Would I buy it now? No. I'd wait until their is a drop in the market, and get some then.
And it wasn't "buy bank stocks because they own us" it's "buy bank stocks because they are low risk government supported oligopolies".
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But even if they are, if you bought ZEB, you haven't earned much more than cash sitting in a 5% GIC. Canadian banks as a whole have underperformed over the last few years.
Sure, if you stock-picked and picked RY instead of TD or BMO or BNS, you did well. But if we're just picking the top performers, you could also argue you could've just picked NVDA and won even more.
So basically, being a government supported oligopoly is basically irrelevant when it comes to their performance. Don't let that drive your investing decisions.