With the FullyInformed Canada Members now open one of the first trades is in Bank Of Montreal Stock. Bank of Montreal stock trades under the same symbol, BMO on both New York and the Toronto Stock Exchange. I only trade it in Toronto to keep the trade in Canadian dollars. Bank of Montreal has been turning out exceptional profits for the past few quarters and the fear this morning that interest rates will rise and end the present bull market I think is overdone.
Canadian banks will make money in just about every market condition except a depression and actually even in the great depression they did okay and never failed to miss a dividend payment. Our Canadian Banks are the cornerstone of the economy and the TSX itself and for good reason. The trade today is to set up the start of what will be a larger position.
Bank Of Montreal Trade Alert and Ideas
I did just one trade but am setting up a second trade. Meanwhile for those with a RRSP or TFSA there is another excellent trade.
FullyInformed Canada Members can can read the Bank of Montreal Stock (BMO) trade alert and strategy discussion directly through this link or Canada Members can sign in to the full members site here. Non-members can join here.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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