OG_funguy
Spa Drifter
I am no expert. Learnt a hard way through Nortel time. I was interested in energy stocks but my FP said very risky and he made the decisions for me to play safe with banks. CM.TO was his choice and went with it . Better be safe than sorry.
Nortel was very painful for many...
Banks are 100x safer than energy stocks, especially the Canadian banks. You're pretty much guaranteed to make money in Canadian banks over the long term.
Unfortunately, I had a lot of money invested in energy stocks, many that are down over 90%. Play with fire and you will get burned eventually I guess...