Hello folks,
I am not on here to review, but I did want to help you guys out with a glaring stock opportunity. XOM (Exxon) is trading at $37 these days. During non-covid times, this stock is a $65 to $70 stock. What makes it so attractive right now is the dividend is 9%.
Buy XOM soon, get the 9% dividend and sit on it for for a couple of years while Covid restrictions slowly get eased and demand for oil goes back up to normal levels.
Easy, easy money.
Yes, there is heavy volume on the downside and that is bad short-term, but once everything goes back to normal, XOM will climb at least 50% and you will be getting a huge, mother-fucking divdend while you wait.
I know the double tax implications of owing U.S. stocks is a hit to many Canadian investors, but even with paying tax to the U.S. authorities and then to the Canadian authorities hurts bad, that 9% is fat enough to still make it worthwhile.
You are welcome!