OPTIMISM #25 - February 24, 2021

Dear clients and friends,

It’s your birthday.  I know, not really, but when you see your most recent statements, you will know what I mean.

With all of this growth in our beloved dividend paying stocks it’s probably a good idea to speak to your Portfolio Manager about rebalancing your holdings back to their target range.

EQ Bank is offering 1.5% interest for cash.  Sadly that’s very good these days.


They currently offer 2.3% interest for registered accounts like TFSAs and RRSPs, although that makes little sense except for money put aside for short term spending goals.

For example, your kid is off to University in the fall, some of that RESP should be in something with a short-term time horizon.

Or if you have an income tax bill due this or next April, this may be a good place to put it.

Motive Financial, another online bank, now pays 1.55%.  It is also Federally guaranteed up to $100,000 per account.


There is insider trading at Suncor.  That’s always a positive indication.  Joe Vetrone, a Senior VP, bought $222,000 of shares February 8th.

Norman Rothery’s article was interesting about higher dividend paying stocks exceptional long term returns and now starting to shine. That’s ours.

Where things stand in Canadian dividend land - and why high yielders may now be your best bet - The Globe and Mail

Word document attached as well.

If you would like to be removed from this list, please just aske and we are happy to do so.

Have a great week.

Derek Moran R.F.P.

Advisor to the National Post

Smarter Financial Planning Ltd.

#303 – 3935 Lakeshore Rd., Kelowna, B.C.  V1W 1V3

Ph (250) 450-9766  Fax  (866) 292-5093