New Buys: Canadian Banks

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Includes: NTIOF, RY
by: Dividend Hustler

With my sale of Hydro One (OTC:HRNNF) last week, I still had around $2500, so I deployed the rest of it on Friday. Wow, the markets are just retreating so hard and they will just fall further. The bear market is finally here and it's been expected. I see so many deals out there, and it's only gonna go down further. If it does, get ready to load up on some long-term Holds. Have no fear and ease our way in.

I bought:

NA. National Bank of Canada (OTCPK:NTIOF). 30 shares @ $36.41. ($64.80 )

RY. Royal Bank (NYSE:RY). 20 shares @ $67.63 ($63.20 )

Income Added of $128

Total Forward 12 Months Dividend Income. All Accounts:

$27,733.74/$2,311.15

There are lots of quality companies on the retreat, and the capital is limited, so it sucks. I totally get it and it's a bummer. However, lots of time and keep at it, buds. I don't know when the bottom is, but week after week, month after month, a nibble here and a nibble there, it's all good.

National Bank is close to a 6 percent yield… Come on… 6 percent… Royal Bank is close to a 5 percent yield… Dang…

This year is going to be awesome. Whether the markets is up or down, remember to enjoy the journey and take it one day at a time. Enjoy the ride. Enjoy life. Life's precious and beautiful. Everyday is a blessing. There is and will always be plenty of opportunities, so hang in there and stay strong. I'm all tapped out this month and may make a couple purchases at the beginning of February, and I can't wait. In the meantime, I'm going keep hustling and banking those hard-earned dollars.

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.