Q: Last night on BNN, Barry Schwartz suggested buying banks (TD and NA specifically) and holding them "forever". If memory serves me, Sherry Cooper has previously indicated that most of her retirement savings are in bank stocks as well, figuring that if they get wiped out, we'll all have bigger problems than the stock markets. Recognizing that managements and other things change and forever might not be quite the right time frame, if you were going to buy five or six stocks to hold for a very long time (over 15 years?), what names would you pick today? Would it depend if they were going to be held in a TFSA or an unregistered acount?
Thanks for your help.
Thanks for your help.