TD Stock Buy?

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Hi, I hold some TD stock that I bought early in 2020. It has done really well and wondered if adding at the current price makes sense, or should I wait for a dip.

Thanks

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Asked on January 12, 2022 10:51 am
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Thank you Matt, this helps a lot.

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Posted by Pamela Branch
Answered on January 12, 2022 4:14 pm
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Hey there,

Timing the big banks is not something we recommend. Over the long-term they will continue to perform and provide good returns. In terms of TD, we still have it on our Dividend Bull List and any company on our bull list we'd be comfortable buying.

Will TD return more huge gains in 2022 like they did in 2021? Unlikely - nor will most banks. They were for the most part playing catchup to undervaluations caused by the pandemic. That being said, TD is still one of the best valued banks in Canada - at least in relation to its own historical averages and we'd have no problems adding to our positions here.

Mat

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Posted by Mathieu Litalien
Answered on January 12, 2022 1:03 pm
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