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Canadian Investing / Canada (General)

URL:  http://boards.fool.com/tim-i-hate-the-banks-i-have-believed-that-they-30267990.aspx

Subject:  Re: Pengrowth Opinions Date:  9/17/2012  9:31 PM
Author:  UnkaBob Number:  63031 of 63934

Tim:
I hate the banks! I have believed that they are overpriced for twenty years but they stay overpriced. The only bank security that I felt made sense were the high dividend preferreds in 20009 and I missed them.

My blue chip stocks are Husky, AT&T, Fortis preferreds and Hawaiian Electric. I missed out on Freeport-McMoran last month when they were down to $32.

I am presently 75% cash with nowhere to put it that I trust.

At present, I use my returns to cover winter ih Hawaii but I hear that hotel bargains will be unlikely this year. Airfares are about the same this year.

Bob
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