Q: I see a few people asking about when to buy CSU. As you said, historically speaking, there has never really been a bad time to buy this stock.
Each year, I max out my TFSA contribution in January and I buy as much CSU stock as I can (started buying at $600/share). I started doing that years ago based on your recommendation and it's one of my biggest gains. I'm up massively and I never think once about what the price is when I submit my buy order.
There aren't many stocks like that in my portfolio but I stand by CSU.
Robert
Each year, I max out my TFSA contribution in January and I buy as much CSU stock as I can (started buying at $600/share). I started doing that years ago based on your recommendation and it's one of my biggest gains. I'm up massively and I never think once about what the price is when I submit my buy order.
There aren't many stocks like that in my portfolio but I stand by CSU.
Robert
5i Research Answer:
Congratulations. This is a great example of disciplined long term focus. It does take a strong stomach sometimes. Even with a high quality stock like CSU, we count many monthly losses of 10% of more in its history, and one monthly loss of 19% (2008). The key, of course, is not getting shaken out of a stock in a decline (providing fundamentals are still good).