Utilities are dead money: wealth manager

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James Demmert, founder and CIO of Main Street Research, discusses why he thinks investors should be staying away from utilities in the short and intermediate term, and where he's seeing opportunities instead.

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I'll pay my heat bill before my phone bill.

Doctor_Bong
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Yup, all the big Canadian aristocrat dividend stocks paying >5% dividends, even some banks! The sentiment is bad!
If you plan on investing for >2yrs 👌. Time to accumulate folks! 😁

svenhodaka
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The bond market is predicting Canadian interest rates will start falling in H2 of 2024.. how does this guy say there’s no indication of falling rates?

steveshideler
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Yes growth stocks are the way to go when a recession is looming 😂😂😂

elitedelta
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I can't think of a reason anyone would should hold utility stocks. Get sucked into no growth by your beloved 5% dividend a year on flat growth while the rest of the market laps you. Utility stocks have a ceiling on growth and governments regulate what they can charge customers. Same folks who buy these love Canadian bank stocks.

DaveBee