Q: Hi 5i team,
I am thinking of adding MSI to my portfolio (holding it in a TFSA). I was just wondering if this stock offers diversification as compared to holding financials (i.e banks and insurance companies)? I know that some of their biggest clientele are banks and insurance companies. If the financial stocks fall, would this company suffer as well? It has had a pretty decent run lately, maybe patience for a lower entry point would be in my best interest.
I am thinking of adding MSI to my portfolio (holding it in a TFSA). I was just wondering if this stock offers diversification as compared to holding financials (i.e banks and insurance companies)? I know that some of their biggest clientele are banks and insurance companies. If the financial stocks fall, would this company suffer as well? It has had a pretty decent run lately, maybe patience for a lower entry point would be in my best interest.