Monday, March 23, 2020

Brookfield Asset Management and Other Buys

After a shock the last couple of weeks, comments are now being posted. 

All negative commentary aside on how the Liberals did not act quick enough (like many governments, even with extra issues like illegal border crossers, lack of screening at the air and ground borders and knowingly importing people with exposure to COVID 19), it is time to act on our portfolios

More details later, I have been buying CIBC, Scotia, and Inter Pipeline.  Yes for the juicy dividends to wait while prices (and even the dividend) may adjust in the future. 

Banks are looking like a great buy locking in 7.0% dividend yields and being paid to wait.  Also to review, ENB and SU (yes Suncor).  At some point, money must flow to the energy sector as the potential for returns, even risk adjusted, are monumental. 

Also, BAM - Brookfield Asset Management - one of the long term themes relevant for any RRSP, TFSA or long term horizon.  I saw this on line...

https://bam.brookfield.com/~/media/Files/B/Brookfield-BAM-IR-V2/documents/%20Update_for_Brookfield_Shareholders_3-23-2020.pdf

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