Q: Good morning Peter and Team,
I was surprised to see BNS among the "dogs" in the "Stars and Dogs" column in the Nov. 8 Globe and Mail. In it, John Heinzl wrote, referring to the 1500 job layoff, "If this is how it reacts to the good times, wait until the next recession". As a long-term investor holding only BNS in the big-bank sector, should I be concerned about Mr, Heinzl's assertion? Should I consider diversifying into one or more of the other big banks? If so, which one(s)? Your insight and advice is always highly valued.
I was surprised to see BNS among the "dogs" in the "Stars and Dogs" column in the Nov. 8 Globe and Mail. In it, John Heinzl wrote, referring to the 1500 job layoff, "If this is how it reacts to the good times, wait until the next recession". As a long-term investor holding only BNS in the big-bank sector, should I be concerned about Mr, Heinzl's assertion? Should I consider diversifying into one or more of the other big banks? If so, which one(s)? Your insight and advice is always highly valued.