Q: Need to raise cash. A half position in Tell us would work with a 13% loss.Or full position in Toronto Dominion Bank with a 6.5% loss .I also own a full position in Bell and no other bank stock.Core holdings are ENB and CIG447.Your take On best one much appreciated. Tks.Larry
5i Research Answer:
Telus and BCE are likely to have high correlation, so we would prefer to sell a bank to keep some diversification of sectors. While we would consider T a HOLD for income, we would be comfortable selling T if an investor is looking to raise $$.