Yesterday, I posted my review of the earnings for both BMO and Scotiabank. My one word was "meh!" This time, both banks have reported flat earnings and pretty good results. What's happening? BMO earnings were down around 20% and ScotiaBank was down roughly 47%. Then National Bank and Royal Bank were minus one or flat. There is something wrong. Let's dig a little deeper and see what's really hiding behind these reports. Royal Bank (RY) (RY.TO) Business Model Royal Bank is the largest …
BMO and Scotiabank Q3 2020 Earnings Review: Is Their Dividend Still Safe?
Last week, I was super happy because it finally was the week of Canadian banks Q3 earnings reports. Today, we're starting with Scotiabank and BMO as they were the first to publish their results. Everybody was expecting that because banks have definitely set the tone for the Canadian economy. Now, what's going to happen with their dividend payment? I'll tell you upfront, don't expect anything out of the ordinary. Scotiabank (BNS) (BNS.TO) Business Model The Bank of Nova Scotia is known …
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REITS: Two New Ideas for Your Retirement Portfolio
Each month, we issue The Mike's Buy List for our DSR members. They get our best ideas for both U.S. and Canadian dividend stocks. The first Friday of each month, they receive our top 10 growth and top 10 retirement (yield over 4%+) investment ideas. With more earnings reports coming in, we have seen a few winners emerging from the buy list. Last time, we covered two growth stocks. We also found new ideas for income seeking investors. Essex Property Trust (ESS) What’s the story? ESS …
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Disney is Reopening, is it Enough?
On July 12th, Disney reopened Disney World to the public. Unfortunately, we have limited information about how many tickets were sold and what percentage of normal traffic is being experienced. All we know is it wasn’t a grand opening. Only two theme parks (Magic Kingdom and Animal Kingdom) were opened while the other two (Epcot and Hollywood Studios) will follow on July 15th. Almost at the same time (July 13th), the Hong Kong Disneyland announced its closure as more covid-19 cases surge and …
3 Years Ago, I Designed the Life I Always Wanted
On July 1st, 2017, I came back from a one-year RV adventure with my family that crossed North America and Central America. I then officially quit my job and started my new venture as an entrepreneur. I had very little money. I barely had a business at all. I did it anyway. Why? Because I wanted more from life and I wanted more life for my family. Here I am 3 years later, writing about my progress and failures. My goal today is to inspire anyone who once had a great idea but then let …
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Add Magic to Your Portfolio: Two Dividend Growth Stocks to Buy
Each month, we issue The Mike's Buy List for our DSR members. They get our best ideas for both U.S. and Canadian dividend stocks. The first Friday of each month, they receive our top 10 growth and top 10 retirement (yield over 4%+) investment ideas. We are still following the virus and its impact on the economy. Considering what happened on the market over the months, I decided to share some of our picks with you. Today, we'll cover two growth stocks and I'll share two companies to consider …
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