Q: Ing vs umax for sustainable dividend? Thanks
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JPMorgan Chase & Co. (JPM)
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Royal Bank of Canada (RY)
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Toronto-Dominion Bank (The) (TD)
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BMO Equal Weight US Banks Index ETF (ZBK)
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Lloyds Banking Group Plc American Depositary Shares (LYG)
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ING Group N.V. (ING)
Q: Hi, looking at the financial sector. I have TD and IFC and looking to add another. The options I am looking at is another Canadian bank that benefits from US exposure (RY), a US bank (JPM) or ETF of banks (ZBK), or diversifying away from North America to a major UK (LYG) or European (ING) bank. My objective is downside safety paired with dividend income and some growth. I realize global stocks aren't your focus, but would appreciate any thoughts you might have on relative merits of these stocks.
Q: What is your current view on ING? Is the dividend safe?