If I had a million dollars – I would promise to be a wise investor – I would never buy penny stocks, never write covered calls, never buy income trusts, never buy index linked anything, never believe anything on business television, never buy preferred shares, never buy IPO’s, never buy Canadian biotech stocks, never buy closed end funds and never buy “managed” exchange traded funds.
I would however buy some components of the lagging TSX Industrial Index
Two components, Onex Corp (OCX) and Viterra (VT) both display rising money flow numbers and the potential to break out into bull market territory
Disclosure – no direct or indirect ownership
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