IFB91: Buying Bank Stocks and Marijuana ETFs
The Investing for Beginners Podcast - Your Path to Financial Freedom - Ein Podcast von Andrew Sather and Dave Ahern
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Announcer: 00:00 You’re
tuned in to the Investing for Beginners podcast. Finally, step by step premium investment guidance for beginners led
by Andrew and Dave to decode industry jargon, silence crippling confusion, and
help you overcome emotions by looking at the numbers,
your path to financial freedom starts now.
Dave: 00:35 Welcome
to Investing for Beginners podcast, this is episode 91. Andrew and I are going
to take a moment and answer listener questions. We’ve got some that are some great questions that we’ve had in
our bank, and we wanted to take a few
moments and answer those for you guys. So Andrew, why don’t you go ahead and
read it. The first question?
Andrew: 00:55 Yes
sir. So this is a great question from Michael B. we’re going to split it up
because there are two different questions
here. So let’s tackle this first one. Hi Andrew. I used your VTI every week. I love it. I’m here in Canada. The
banks are the most common stock to rise steadily
and had decent dividends, but because of their equity, they would never score
well in the VTI. I know you aren’t a big fan of financial institutions, but
Dave is, and I could care less either
way, but based on trends in Canada, most banks are still selling that less than
$100 a share which based on their EPS increasing consistently in the dividends
increasing regularly.
Andrew: 01:36 I want to jump on the bandwagon now. Braden mentioned the banks and both of his last interviews with you too. I don’t know which valuations I need to focus on with a company that makes the most money. The higher their debt is. Thirteen of Canada’s dividend aristocrats are financial institutions, nine of which are banks. I’m not sure if I’m chasing my tail here, trying to convince myself they’re a good buy or not, but I do rely heavily on your VTI spreadsheet because it does take a lo...
