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It’s not very often you see stocks that you’d consider “no brainers.” Markets are very complex; usually, the obviously great “companies” have very expensive shares, which reduces the return you can actually squeeze out of them. Nevertheless, there are a few stocks out there today that I consider more or less no-brainers. Following are three of them.
TD Bank
The Toronto-Dominion Bank (TSX:TD) is a stock that I’ve owned for about five years now. At one point, I significantly reduced my ownership of it, selling about 80% of my shares, but I never once completely exited the position. In fact, I actually increased my TD shares a little bit this month, buying around $2,000 worth.
Why do I like TD stock so much? There are a few reasons.
For one thing, the company has decently fast growth for a bank, having increased its revenue by 7% per year over the last five years.
For another thing, the…
