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The Toronto-Dominion Bank – Best in Breed

This article on The Toronto-Dominion Bank (TD) is the third of a 5 part series on 'The Big 5' Schedule A Canadian banks. In my September 5th article I indicated that I viewed TD has being slightly overvalued. Shares have subsequently retraced to a level where I now view them as fairly valued. I view [...]

By |December 3rd, 2018|General Investing|Comments Off on The Toronto-Dominion Bank – Best in Breed

The Toronto-Dominion Bank – Best in Breed

  Summary TD reported strong FY2018 results and senior management is confident it can continue to deliver adjusted EPS growth within the 7% - 10% medium-term target range. It has a well diversified business model, credit quality is strong, and it maintains a strong Basel III Common Equity Tier 1 (CET1) ratio. I anticipate a [...]

By |December 3rd, 2018|Equity Investing|Comments Off on The Toronto-Dominion Bank – Best in Breed

The Royal Bank of Canada – A High Quality Long-Term Investment

This article on The Royal Bank of Canada (RY) is the second of a 5 part series on 'The Big 5' Schedule A Canadian banks. In my September 5th article I indicated that I viewed RY has being slightly overvalued. Shares have subsequently retraced to a level where I now view them as fairly valued. [...]

By |December 2nd, 2018|General Investing|Comments Off on The Royal Bank of Canada – A High Quality Long-Term Investment

The Royal Bank of Canada – A High Quality Long-Term Investment

Summary RY recently reported record earnings of $12.4B for FY2018. Management anticipates further improvement in FY2019. RY has a well diversified business model and maintains a strong Basel III Common Equity Tier 1 (CET1) ratio. The bank has a lengthy history of profitability and dividend growth. The compound annual growth rate of RY’s dividend is [...]

By |December 2nd, 2018|Equity Investing|Comments Off on The Royal Bank of Canada – A High Quality Long-Term Investment

FFJ Portfolio – November 2018 Dividend Income Report

This is my November 2018 FFJ Portfolio dividend income update. The portfolio was created in January 2017 for the purpose of demonstrating how investing in well managed companies with competitive advantages can assist investors in reaching their long-term financial goals without the need to speculate or to chase dividend yield.   Another month has come [...]

By |December 2nd, 2018|FFJ Portfolio|Comments Off on FFJ Portfolio – November 2018 Dividend Income Report

The J.M. Smucker Company – Patience and Options

The J.M. Smucker Company (SJM) released its Q2 2019 results before the market opened on November 28, 2018. EPS guidance was lowered and shares dropped in value by $7.90/share (~7.24%) by market close. I recognize SJM is a company undergoing a transformation and in exchange for my patience while it undergoes this transformation I want [...]

By |November 28th, 2018|General Investing|Comments Off on The J.M. Smucker Company – Patience and Options

The J.M. Smucker Company – Patience and Options

Summary SJM is a company undergoing a transformation. Short-term results can, therefore, occasionally fall short of projections. Other well known names in the Consumer Goods, Processed and Packaged Goods space have performed poorly over the past year. SJM is attractively valued. Its forward adjusted PE has not been this low since the Financial Crisis. I [...]

By |November 28th, 2018|Equity Investing|Comments Off on The J.M. Smucker Company – Patience and Options

Scotiabank – Beaten Down is Good

Scotiabank (BNS) released its Q4 and FY2018 results on November 27, 2018. BNS has underperformed its Big 5 counterparts over various timeframes and shares are currently off ~21% from the 52 week high. Rather than view this as a negative I encourage investors to view this as a positive. The time to invest in great [...]

By |November 27th, 2018|General Investing|Comments Off on Scotiabank – Beaten Down is Good

Options – SOLD December 21 2018 Covered Calls on ADP, HSY, and CVX

I periodically employ a conservative 'out of the money covered call' option strategy when I think I can generate some option premium income and I have a strong probability of retaining the underlying security. On November 15th I wrote an article in which I indicated I had written the following covered calls: The J.M. Smucker [...]

By |November 23rd, 2018|General Investing|Comments Off on Options – SOLD December 21 2018 Covered Calls on ADP, HSY, and CVX

Avoid Highly Aggressive Investment Strategies

Highly aggressive investment strategies are wonderful....when/if they work. Here is an example of a hedge fund which destroyed its clients' investments. I share this YouTube video message from a hedge fund manager to demonstrate how highly aggressive investment strategies can be detrimental to enhancing long-term shareholder wealth creation.   As a relatively conservative investor I [...]

By |November 22nd, 2018|General Investing|Comments Off on Avoid Highly Aggressive Investment Strategies