Quote:
Originally Posted by MJK
Are you currently watching or buying any stocks?
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Oil and Gas: HSE, SU, ECA
- buying shares over time with the forecast that oil will go up
- good value, good dividends
Utilities: TA, PIF.UN, FTS
- buying shares over time
- stable cash flow, solid dividends
Telecomm: T, BCE
- stable cash flow, solid dividends
- good market share for mobile phones to offset eroding home phone services
- holding off as I think both will go lower
Banks: RY, BNS, BMO
- good value, stable dividends as a bank hasn't cut a dividend in 15+ years
- writeoffs not as bad as originally thought
- worry is that if US banks continue to drop these stocks will follow
- bought some shares in all 3 companies when all were in the $25 range; plan to buy more
Real Estate: REI.UN
- all the shopping centers I go to seem to be run by this company
- risk is if retail continues to tank
Financials/Insurance: MFT, SLF
- watching these companies but won't put in any money until I get a handle on their debt and writedowns; too risky at the moment
I am staying away from most US and UK stocks until I get a handle on the financial crisis. Those 2 countries are ground zero for the mess.
Also, won't put more than 20% of my money in one sector unless I see a short term opportunity. I'll try to capitalize then rebalance.