As a personal finance columnist who must be unbiased, I don’t invest in the shares of the banks I often write about.
Am I missing out on the benefits of owning financial stocks? No way. I simply use an exchange-traded fund that covers the entire sector, the iShares S&P/TSX Capped Financials Index Fund. If I were to buy individual bank shares, I know exactly how I’d choose from among the many ways to slice and dice these stocks. Only one criteria really matters to me – dividend growth.