I want to start a Canadian bank position but should I wait for a pull-back?

Although financials have ran up in value, including highlights here like Intact Financial, TD Bank and Equitable Bank, we still feel financials stocks are relatively cheap.

In fact, we recently added TD Bank to our Dividend Bull List due to the fact it is the only Canadian Bank trading below its historical averages.

Trying to time pullbacks is impossible, and it's very likely to cost your more money in the end. There's lots of members here who attempt to do it, but it's not a strategy Mat or I personally follow.

If I like a company and the price is right, I buy it. In 5-10 years from now, the fact I paid 4-5% more for a stock will likely be irrelevant.