Q: Hi team,
I am looking to invest for my kids resp. Currently only hold a balanced fund and Ppl which I bought in the 2020 collapse. Now I am wondering about buying a quality stock which has been unjustifiably (as far as we can tell) sold off in the recent sell off of growth names. I am thinking of Prl. Would you consider it safe enough to invest in a resp account? I also note that its div is decent while I wait for recovery . I have about 4-5 years before I would have to sell it . If you don’t think Prl is a good fit do you have better suggestions ?
Thanks ,
Shane
I am looking to invest for my kids resp. Currently only hold a balanced fund and Ppl which I bought in the 2020 collapse. Now I am wondering about buying a quality stock which has been unjustifiably (as far as we can tell) sold off in the recent sell off of growth names. I am thinking of Prl. Would you consider it safe enough to invest in a resp account? I also note that its div is decent while I wait for recovery . I have about 4-5 years before I would have to sell it . If you don’t think Prl is a good fit do you have better suggestions ?
Thanks ,
Shane
5i Research Answer:
We think PRL is quite attractive here, considering its growth, valuation and recent dividend...