This year, the adverts for RRSPs have sounded a bit hollow. It’s hard to convince *anyone* that your firm is the one firm that’s got it together and will handle your money prudently.
Nevertheless, I’m excited. For the first time in a few years, I’m going to be able to really sock away some dough (last few years I’ve added, but only just. Most of my money went into my business). There are buying opportunities all over the place and by the time I retire, I anticipate my purchases over the coming months will have rebounded several times over. Either that, or we’re all going down together.
I haven’t started my serious investigations (read the financials on these, or scoured for news etc) but here are a few companies I’m planning to check out:
Denny’ as in “Grand Slam”. They had a free Grand Slam breakfast to anyone who wanted it a few weeks ago, and it struck me as ingenious: At precisely the time people are thinking Frugal, they come out strong reminding everyone that they can still afford Denny’s. I’m thinking their revenues will increase significantly if the mood remains sombre and people choose frugal options, including where they eat.
Northern Property Real Estate I have owned some units (“units” not “shares” because it’s an Income Trust, not a typical corporation) here for a while, and think it may be worth buying some more. The north continues to have an exceptionally low vacancy rate, plus, diamond-mine slowdown notwithstanding, it looks to me like the economy is going to carry on strong up in the north.
Some kind of front-loading (laundry) washer – makers. I suppose they are all owned by a company that makes many products, but I’m going to suss this out. Why? Because that’s the direction we’re all heading, they’re eco-friendlier, and by all accounts people love them.
So those are going to be some starting places for me to start investigating.
NOTE: NOTE WELL: NOTE BENE: NB: These are not, repeat not, recommendations. I’m simply pointing out what I plan to investigate. Please do your own research or meet with a qualified financial planner (I’m not one. See my header).
READERS: Do you have any companies you are investigating? Care to share your plans for your RRSPs?